592 Mccaslin BlvdLouisville, CO 80027

Property Details for 592 Mccaslin Blvd

Year built

1995

Property size (Sq ft)

5,128 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a single-tenant, net-leased restaurant and storefront property located at 592 McCaslin Blvd, Louisville, CO 80027. The 5,128 square foot building sits on a 9,358 square foot lot and boasts 88 parking spaces, ensuring ample customer convenience. Currently operating at 100% occupancy, the property offers a stable income stream with a current annual net operating income (NOI) of $129,000, representing a 5.00% cap rate. A pro-forma NOI of $134,879 projects a 5.23% cap rate. The property benefits from a 10-year lease (commencing September 1, 2020, and expiring August 31, 2030), with eight years remaining. The tenant is credit-rated, mitigating risk. Recent improvements include a parking lot update in 2020, and roof and HVAC replacements in 2019. Built in 1995, this one-story building is situated in a prime location surrounded by retail, office, and residential properties, ensuring strong demographics within a 5-mile radius. The asking price is $2,580,000, translating to a price per square foot of $503.12. This property represents a compelling investment opportunity with significant upside potential. The established business has operated for over 25 years and includes three strong business operations. Free and clear ownership is offered.

Location Insight

City

Louisville

County

Boulder

State

Colorado

Latitude

39.9615

Longitude

-105.163

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