For Sale
$1,467,000

1433 Encanto PlMontrose, CO 81401

High-cap rate QSR investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew coffee shop located in Montrose, Colorado. Built in 2023, this property sits on a 0.64-acre lot at a hard corner, signalized intersection with high visibility (34,100+ vehicles per day). The property is subject to a Net Lease (NNN) with a corporate guarantee, offering a secure investment with a strong tenant. The lease boasts a remaining term of 15 years, with five 5-year renewal options and a 10% rent increase every five years in the primary term and options. The current asking price is $1,467,000, representing a 6.00% cap rate and a price per square foot of $2,876.47. The property generates a net operating income (NOI) of $88,000 annually. This is the first 7 Brew location in Colorado, benefiting from the brand's rapid expansion (over 175 locations nationwide) and high average unit volume (AUV) exceeding $2.4 million. The strategic location, less than nine miles from Black Canyon of the Gunnison National Park, a major tourist attraction, further enhances the investment potential. Montrose's population of over 20,098, coupled with its proximity to Telluride and Grand Junction, ensures a robust customer base. This is a rare opportunity to acquire a high-performing, established brand in a prime location with significant long-term growth potential.

Highlights

  • 2023-built, 510+/- SF building on a 0.64+/- acre lot.
  • Brand new 15-year ground lease with five 5-year renewal options and 10% rent increases every five years.
  • High-visibility corner lot at the signalized intersection of Townsend Ave and Encanto Pl (34,100+ vehicles per day).
  • First 7 Brew Coffee location in Colorado; 7 Brew has over 175 locations nationwide.
  • Less than 9 miles from Black Canyon of the Gunnison National Park, attracting over 190,000 annual visitors.
  • 7 Brew Coffee boasts the highest average unit volume (AUV) among major coffee quick-service restaurants, averaging $2.4M in revenue.

Property Details for 1433 Encanto Pl

Property type
Retail properties, Restaurants
Square Feet
510 SF
Year Built
2023
Lot Size (sq. ft)
27,878 SF

Location Insight

City
Montrose
County
Montrose
State
Colorado
Latitude
38.463251
Longitude
-107.866794
1433 Encanto Pl, Montrose, Colorado

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1433 Encanto Pl
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