540 Highway 105Monument, CO 80132

Property Details for 540 Highway 105

Year built

1994

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.92 AC

Property size (Sq ft)

3,097 SF

Zone code

CC

Property type

Retail properties

Property subtype

Drive through restaurants

APN

7114201010

APU

7114201010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $995,807

  6.5%

  $919,207

  7%

  $853,549

• Comparable approach

  Method

  Valuation

  Relative Method

  $644,803

  Geo Method

  $644,803

• Alternative Use

  Use

  Valuation

  Residential

  $775,385

  Hospitality

  $710,249

  Educational

  $590,918

  Medical

  $611,241

  Retail

  $919,207

Location Insight

City

Monument

County

El Paso

State

Colorado

Latitude

39.0974

Longitude

-104.865

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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