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28179316
28179317

451 S Pratt Pkwy, Longmont, CO 80501

MV
CO ER 318911
Vanguard Development
Listed by Vanguard Development
$1,649,000
210 days on market
Updated 87 days ago

Family Mexican Restaurant

Details
Property Type Retail
Sub Type Restaurant
Square Footage 6,533
Net Rentable (SqFt) 6,533
Cap Rate 6.97%
NOI $115,000
Occupancy 100%
Lease Term 5
Rent Bumps Yes
Pro-Forma Cap Rate 6.97%
Pro-Forma NOI $115,000
Price per SqFt $252
Broker Co-Op Yes
Class B
Year Built 1978
Year Renovated 2010 2020
Buildings 1
Acreage 0.630
Zoning C-C – Commercial Community
Investment Type Net Lease
Ownership Private

Free Standing Single Tenant Investment Opportunity | 6.97% CAP | 6,533 SqFt

Marketing description

Vanguard Development is pleased to present this free standing single-tenant Investment opportunity at 451 Ken Pratt Parkway, Longmont, CO 80501! Occupied by a proven track record tenant with a stable NNN lease. The property provides ample parking and close proximity to a major intersection and residential area in a busy shopping district. The building presents an excellent investment opportunity with a 7% cap rate. Featuring a 6,553 RSF building on 0.63 acres, this property has been renovated in 2012, 2016, and most recently. The successful tenant operator has a strong lease term of 5 years at a competitive lease rate starting from $17.50/RSF NNN. The one-floor building includes landlord-owned FF&E, making it a turnkey investment. Don't miss out on the chance to own a well-established restaurant location in a prime area. Contact Vanguard Development, LLC today to learn more about this unique investment opportunity!

Listing Contacts

MV
CO ER 318911
Vanguard Development
Listed by Vanguard Development

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$115,000.00
$9,583.33/mo

Valuation Metrics

0
DSCR
6.97%
Cap Rate
6.97%
ROI

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Additional Information

Name
Mikael van Loon
License
ER 318911
Brokerage
Vanguard Development, LLC
Brokerage Phone
3035890086
Title
Managing Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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