352 Lake Dillon Dr
Office | 6.75% CAP | 5,022 SqFt
Marketing description
352 Lake Dillon Drive is a stable long-term single-tenant net lease investment property located in the heart of Dillon, Colorado. The 5,022 square foot office building sits on 11,761 square feet of land and is occupied by the Public Defenders Office on a 10-year lease with 8+ years remaining and two five-year renewal options. The property benefits from a 6.75% cap rate, property tax exemption, built-in 3% annual rent increases, and minimal landlord responsibilities (roof and structure only). Situated adjacent to the new Waterview development and minutes from Lake Dillon, the Dillon Marina, and the Dillon Amphitheater, the property offers convenient access to world-class skiing at Keystone, Copper Mountain, Breckenridge, and Vail, as well as year-round outdoor recreation throughout Summit County.
Investment highlights
- Located in the heart of Dillon, Colorado. Minutes from Lake Dillon, the Dillon Marina, and the Dillon Amphitheater, one of Colorado's premier outdoor event venues. Adjacent to the new Waterview development.
- Close proximity to world-class skiing | Keystone, Copper Mountain, Breckenridge, and Vail. In addition to skiing, Easy access to world-class skiing, hiking, biking, boating, and outdoor recreation throughout Summit County.
- 3% Annual Increases. Built-in annual rent escalations throughout the primary term.
- Ample parking and building access. Located right of I70 and US6 in the heart of Dillon. 47 shared parking spaces within the complex.
- Minimal Landlord Exposure. Responsible for Roof and Structure.
- Mission-Critical Public Sector Tenancy. The Office of the Public Defenders is an Amazon and Recession proof tenant.
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