2870 N Townsend, Montrose, CO 81401
Car Wash, Prime Location, Owner leaseback with 7.00% CAP
Marketing description
Large Truck and RV Wash on N Townsend Corridor
Situated on a 2.854-acre (MOL) lot, this large ~9,200 sq. ft. Truck, RV, and car wash offers a service unique in the
area in a highly desirable location close to the Airport. Featuring three bays capable of handling Semi Trucks, the
building also offers a detailing shop, office, reception area, and staging area for all washing pumps and
machinery. With high visibility from the highway and ~25,000 daily traffic count, the property epitomizes the
desirable N Townsend Ave/N Hwy 50 corridor. The property is zoned B-3 ‘General Commercial’ in the City of
Montrose. As an owner lease back, the Seller, Co West Transportation/Telluride Express, is offering a 10-year
lease at a 7.0% CAP rate, with four 5-year options and a 12% escalator applied to the base rent at every
extension. The lease will be Pure Triple-Net, with the seller covering all costs associated with the building,
including all utilities, building insurance, and taxes.
Investment highlights
As an owner lease back, the Seller, Co West Transportation/Telluride Express, is offering a 10-year
lease at a 7.0% CAP rate, with four 5-year options and a 12% escalator applied to the base rent at every
extension. The lease will be Pure Triple-Net, with the seller covering all costs associated with the building,
including all utilities, building insurance, and taxes.
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