45 Stafford LnDelta, CO 81416

Property Details for 45 Stafford Ln

Year built

2005

Lot size

0.81 AC

Property size (Sq ft)

1,526 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 1,526 square foot Sonic Drive-In restaurant located at 45 Stafford Lane, Delta, CO 81416. The property boasts a brand new 20-year absolute triple-net (NNN) sale-leaseback agreement with a franchisee tenant, eliminating all landlord responsibilities. The lease features a 10% rent increase every five years, providing a strong hedge against inflation. The property's strong performance is evidenced by a healthy 5% rent-to-sales ratio, exceeding Sonic's national average unit volume. Situated on a 0.81-acre lot, this outparcel location benefits from its proximity to a Walmart Supercenter and other national retailers such as Safeway and Anytime Fitness, ensuring high visibility and traffic. The location is strategically positioned near Delta Health, a regional hospital, and Westwinds Airport, further enhancing its appeal. Built in 2005, this property is ideally situated at the intersection of Highway 50 and Highway 92, providing excellent access for both local residents and tourists. The Delta location is within an Opportunity Zone, offering additional investment incentives. The property's success is further supported by its established 20-year operating history in a target demographic with limited competition. The asking price is $2,112,000, representing a $1,384.01 price per square foot and a 6.25% cap rate with a current NOI of $132,000. The lease includes four 5-year renewal options. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential.

Location Insight

City

Delta

County

Delta

State

Colorado

Latitude

38.7495

Longitude

-108.051

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