For Sale
$1,200,000

53 Palmer Lake DrPueblo West, CO 81007

Hen House Cafe: NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a thriving Hen House Cafe restaurant located at 53 E Palmer Lake Dr, Pueblo West, CO 81007. The property boasts a 3,160 square foot building on a 0.72-acre lot, complete with 35 parking spaces. Built in 2008, this single-tenant property operates under a 15-year absolute triple-net (NNN) lease with a 7.50% cap rate and a substantial $90,000 annual net operating income (NOI). The lease includes attractive 10% rent bumps every five years, ensuring consistent income growth. The property benefits from a prime location in Pueblo West, near Colorado State University Pueblo, and enjoys strong demographics, including an average household income exceeding $96,000 within a 3-mile radius and 12,000 households within 5 miles. The Hen House Cafe has a proven track record of success, operating for over 16 years at this location, and is currently the only full-service breakfast restaurant in West Pueblo. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential. The property's APN is 611416005. The sale is structured as a sale-leaseback transaction.

Highlights

  • Excellent single-tenant investment opportunity with a 15-year absolute net (NNN) lease and zero landlord responsibilities.
  • Attractive 10% rental increases every five years.
  • 16+ years of successful operation at this location, with strong rent-to-sales ratio and year-over-year AUV growth (details available upon request).
  • .72-acre parcel with ample parking (35 spaces).
  • Outstanding Pueblo, CO location near Colorado State University Pueblo, 40 miles south of Colorado Springs, and 110 miles south of Denver.

Property Details for 53 Palmer Lake Dr

Property type
Retail properties, Restaurants
Square Feet
3,160 SF
Year Built
2008
Buildings
1
Lot Size (sq. ft)
31,363 SF
Units
1

Location Insight

City
Pueblo West
County
Pueblo
State
Colorado
Latitude
38.3174676
Longitude
-104.7369194
53 Palmer Lake Dr, Pueblo West, Colorado

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53 Palmer Lake Dr
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