4450 Ledge Rock DrJohnstown, CO 80534

Property Details for 4450 Ledge Rock Dr

Year built

2024

Lot size

1.95 AC

Property size (Sq ft)

50,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 50,000 square foot, freestanding Murdoch's Ranch & Home Supply store in Johnstown, Colorado. Located at 4450 Ledge Rock Dr, this property boasts a 19.4-year remaining lease term (expiring 03/31/2044) with a strong corporate tenant, Murdoch's, a regional chain with 40+ locations. The lease is a Net Net (NN) structure, featuring 10% rent bumps every five years and five five-year renewal options. The property sits on a 1.95-acre lot within the new Ledge Rock Center, a developing mixed-use project including residential and retail components. The strategic location at the southeast corner of I-25 and US Highway 60 (97,800 vehicles per day) ensures high visibility and accessibility. A newly opened Buc-ee's is located directly across the interstate, further enhancing the area's traffic and commercial appeal. Johnstown's rapid population growth (84.75% since 2010, projected 22% growth by 2028) contributes to a robust market for this type of retail. The property's current Net Operating Income (NOI) is $789,375, representing a 6.25% cap rate on the $12,630,000 asking price. Seller carry financing with below-market interest is available. This is a rare opportunity to acquire a high-performing retail asset in a rapidly expanding market with a long-term, secure lease. The building was constructed in 2024 and is currently 100% occupied.

Location Insight

City

Johnstown

County

Weld

State

Colorado

Latitude

40.3321

Longitude

-104.965

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