Listed by Marcus & Millichap - Denver
$2,250,000
Truck Ranch
Details
Property Type Retail
Sub Type Truck dealership, Auto dealership
Square Footage 3,380
Cap Rate 7.00%
NOI $157,500
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Lease Options 4 x 5-Year
Year Built 2018
Acreage 1.160
Tenant Credit Corporate Guarantee
Ground Lease No
Sale Condition N/A
Retail | 7.00% CAP | 3,380 SqFt
Investment highlights
- 20-YEAR CORPORATE-GUARANTEED ABSOLUTE NNN SALE-LEASEBACK WITH 2% ANNUAL INCREASES
- HIGH-TRAFFIC RETAIL CORRIDOR — SHOSHONE ST (12,800 VPD) & BLUE LAKES (9,700 VPD)
- 66,620 RESIDENTS WITHIN 5 MILES — +26.7% POPULATION GROWTH SINCE 2010
- 72,924 DAYTIME POPULATION WITHIN 5 MILES SUPPORTING CONSISTENT CUSTOMER ACTIVITY
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$157,500.00
$13,125.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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