
The Nugget Mountain Bar
Hospitality
Marketing description
"High Income Producer with Strong Cash Flow and a Great Tenant" Tenant purchased and owns the Nugget Mountain Bar LLC and pays a monthly lease to the Owner/Landlord. Tenant will stay on for the remainder of the 7 year lease or sell the LLC and vacate the premises to allow the new owner to operate the facility. Perfect for an Investor or a Mom and Pop Operator. Seller will Owner Finance the sale of the subject property to a qualified buyer. Contact agent for more information. This property is located at the base of the "New Colorado Couloir Ski Run" and the "New Gelande Lift", set to be installed this coming summer, making this property a true ski in ski out location. The Nugget is the most popular bar and restaurant in the north county ski area. The property the Nugget sits on is zoned commercial/residential and has the ability to be further developed with more nightly rentals and additional parking. The adjacent lands to the west and south are currently going through the planning and zoning process for a single family, multifamily and condominium development, creating an adjacent neighborhood of approximately 200 plus new units.
Investment highlights
This commercial property is ideally located as it captures not only the winter visitor but also the balance of the seasons’ visitors. The property includes the Nugget Bar building and two one- of- a- kind designer cabins. This well-located property is just a 1/2 a mile from the entrance to Purgatory Ski Resort. The sale does not include the Nugget Bar LLC (business). The restaurant lease is a strong lease as the Nugget has an excellent stream of business year-round. 1.2 million vehicles per year pass this location. The two vacation rental cabins are attractive lodging alternatives for visitors in the North County. This is a great opportunity with these three income streams in place and the ability to add an additional cabin or two to the site. This property is generating a significant income. Financials will be shared once a NDA is signed by the broker and client. The Nugget is in a charming 951 sf rustic log cabin. The lawn area is enclosed by old railroad ties, complete with gas firepits, cornhole and giant Jenga. A large deck area blankets the front of the old D-Log cabin, perfect spot for an elevated view of the surrounding peaks and listening to live music. Windows capture views of the snowcapped San Juan Mountains, Twilight Peaks, Spud Mountain and Engineer Mountain. There are two modern cabins, one at 300 sf and the second at 550 sf that were built in 2019. The cabins maintain an 80% occupancy annually. The Kerouac Cabin is a Queen/Studio with 1 full bath and sleeps 3. The Hemingway’s Hideouts a one bed plus loft with 1 full bath and sleeps 4. Both have modern kitchens. Features include a hot tub, Cedar Sauna and decks for sun and THE best views in the Southwest! Perfect location to mountain bike, hike, or snowshoe right from your doorstep. Visit the Nugget's website for more details.
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