1433 Encanto PlMontrose, CO 81401

Property Details for 1433 Encanto Pl

Year built

2023

Lot size

0.64 AC

Property size (Sq ft)

510 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew coffee shop located in Montrose, Colorado. Built in 2023, this property sits on a 0.64-acre lot at a hard corner, signalized intersection with high visibility (34,100+ vehicles per day). The property is subject to a Net Lease (NNN) with a corporate guarantee, offering a secure investment with a strong tenant. The lease boasts a remaining term of 15 years, with five 5-year renewal options and a 10% rent increase every five years in the primary term and options. The current asking price is $1,467,000, representing a 6.00% cap rate and a price per square foot of $2,876.47. The property generates a net operating income (NOI) of $88,000 annually. This is the first 7 Brew location in Colorado, benefiting from the brand's rapid expansion (over 175 locations nationwide) and high average unit volume (AUV) exceeding $2.4 million. The strategic location, less than nine miles from Black Canyon of the Gunnison National Park, a major tourist attraction, further enhances the investment potential. Montrose's population of over 20,098, coupled with its proximity to Telluride and Grand Junction, ensures a robust customer base. This is a rare opportunity to acquire a high-performing, established brand in a prime location with significant long-term growth potential.

Location Insight

City

Montrose

County

Montrose

State

Colorado

Latitude

38.4632

Longitude

-107.867

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