110 Ken Pratt BlvdLongmont, CO 80501
High-Yield NNN Lease, Strong Tenant
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- 5,810 SF single-story auto shop in Longmont, CO on a 0.88-acre lot.
- 15-year absolute NNN lease with options to extend up to 65 years, featuring 1.5% annual rent escalations starting year six.
- Strong corporate guarantee from Christian Brothers Automotive, a national brand with over 250 locations.
- High-traffic location on E Ken Pratt Blvd, with over 45,169 vehicles per day, near major retailers including Safeway, Lowe's, and Starbucks.
- $4,660,000 asking price, $291,000 NOI, 6.24% cap rate, and $802.07 price per square foot. The 5-mile radius has over 108,369 residents with an average household income exceeding $109,000.
Property Details for 110 Ken Pratt Blvd
- Property type
- Retail properties, Auto shops
- Square Feet
- 5,810 SF
- Year Built
- 2022
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 38,333 SF
Location Insight
- City
- Longmont
- County
- Boulder
- State
- Colorado
- Latitude
- 40.1532316
- Longitude
- -105.0915912
Nearby Similar for Sale
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