For Sale
$1,752,135

540 Highway 105Monument, CO 80132

High-performing Arby's, strong tenant, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased Arby's restaurant located at 540 W Hwy 105 in Monument, Colorado. The property boasts a 3,097 square foot building constructed in 1994, situated on a 0.92-acre lot. The current lease, with a remaining term of approximately 3.9 years, commenced on October 24, 2003, and expires on October 31, 2028. Four, five-year option periods remain, each with a 7.50% rent increase. The tenant, Arby's, is operated by Flynn Group, a significant franchisee with a substantial portfolio. The property benefits from a high-traffic location, with approximately 77,000 vehicles passing daily on I-25, and enjoys excellent visibility due to its pylon signage. The average household income within a five-mile radius exceeds $153,000, and the property is strategically positioned near other prominent businesses, including a Phillips 66 Truck Stop, McDonald's, Starbucks, Taco Bell, and a Safeway gas station and grocery outparcel. Its proximity to the Air Force Academy and its convenient location between Denver and Colorado Springs further enhance its appeal. The property's strong financial performance is reflected in its current NOI of $109,508 and a cap rate of 6.25%. The asking price is $1,752,135, translating to a price per square foot of $565.75. This is a rare opportunity to acquire a well-established, high-performing asset with a strong tenant and significant upside potential. The property's Class A designation and 100% occupancy further solidify its investment value.

Highlights

  • Arby's operated by Flynn Group, the nation's largest Arby's franchisee.
  • Flynn Group operates over 2,600 franchise locations nationwide.
  • Absolute NNN lease; no landlord responsibilities.
  • Arby's recently exercised their option, leaving ±4.5 years remaining on the lease.
  • 7.50% rent increases in each of the three remaining option periods.
  • $153,000+ average household income within a 5-mile radius.

Property Details for 540 Highway 105

Property type
Retail properties, Restaurants
Square Feet
3,097 SF
Class
A
Year Built
1994
Buildings
1
Stories
1
Lot Size (sq. ft)
40,075 SF
Units
1

Location Insight

City
Monument
County
El Paso
State
Colorado
Latitude
39.097862107363
Longitude
-104.86387667757
540 Highway 105, Monument, Colorado

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540 Highway 105
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