For Sale
$1,846,000

3630 Freeway RdPueblo, CO 81008

High-yield NNN lease investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant Captain D's drive-thru restaurant in Pueblo, Colorado. The property boasts a brand-new 15-year absolute triple-net (NNN) lease with a strong 2.5% annual rent increase, ensuring consistent passive income growth. The 2,688 square foot building, constructed in 1989, sits on a 0.73-acre lot at 3630 N Fwy Rd, Pueblo, CO 81008. The lease, expiring May 31, 2039, has a remaining term of 14.5 years and is held by a franchisee with nearly 40 years of experience operating Captain D's restaurants. The property enjoys a prime location near major roadways (with approximately 60,000 and 42,000 vehicles per day on nearby highways, according to CDOT 2022 data), the Pueblo Mall (a 575,000 square foot shopping center), and Colorado State University – Pueblo (approximately 4,000 students). Surrounding national retailers include Walmart, Home Depot, Lowe's, King Soopers, and Sam's Club, further enhancing the property's value and visibility. The asking price is $1,846,000, representing a 6.50% cap rate and a price per square foot of $686.76. The property generates a net operating income (NOI) of $120,000 annually. This is an ideal investment for those seeking a stable, high-yield, and low-maintenance commercial property. This property is also available as part of a three-property Captain D's portfolio.

Highlights

  • Single-tenant Captain D's drive-thru restaurant; new 15-year absolute NNN lease with 2.5% annual rent increases.
  • Experienced Captain D's franchisee with over 40 years of operation.
  • High-traffic location near major highways (approx. 60,000 and 42,000 VPD), Pueblo Mall, and Colorado State University – Pueblo.
  • Strong retail synergy with nearby Walmart, Home Depot, Lowe's, King Soopers, and Sam's Club.
  • $1,846,000 asking price; 6.50% cap rate; $686.76 price per square foot; $120,000 annual NOI.
  • Available individually or as part of a three-property portfolio.

Property Details for 3630 Freeway Rd

Property type
Retail properties
Square Feet
2,688 SF
Year Built
1989
Buildings
1
Lot Size (sq. ft)
31,799 SF
Units
1

Location Insight

City
Pueblo
County
Pueblo
State
Colorado
Latitude
38.307266439541
Longitude
-104.61213041743
3630 Freeway Rd, Pueblo, Colorado

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3630 Freeway Rd
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