110 Ken Pratt BlvdLongmont, CO 80501

  • Other commercial real estate
  • 4,910 SF
For Sale
$4,660,000 View listing

Property Details for 110 Ken Pratt Blvd

Construction
CONCRETE BLOCKS
Lot size
0.86 AC
Property size (Sq ft)
4,910 SF
Property type
Other commercial real estate
APN
1315-11-2-02-002
APU
131511202002

Description

This exceptional investment opportunity presents a 5,810 square foot, single-story auto shop in Longmont, Colorado. The property boasts a 15-year absolute NNN lease with a strong corporate guarantee from Christian Brothers Automotive, a rapidly expanding national brand with over 250 locations. The lease features annual rent escalations of 1.5% beginning in year six, ensuring consistent income growth. Built in 2022, the property sits on a 0.88-acre lot at a prime location on E Ken Pratt Blvd, experiencing high daily traffic volume exceeding 45,169 vehicles. The surrounding area showcases a robust retail environment with national brands like Safeway, Lowe's, Starbucks, and many more, indicating a strong and affluent demographic. The property's Net Operating Income (NOI) is $291,000, resulting in a 6.24% cap rate, and a price per square foot of $802.07. The 5-mile radius boasts a population exceeding 108,369 with an average household income well above the national average at over $109,000. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The asking price is $4,660,000. The lease has options extending the term up to 65 years. This is a truly exceptional investment opportunity with minimal landlord responsibilities.

110 Ken Pratt Blvd, Longmont, Colorado

Location Insight

City
Longmont
County
Boulder
State
Colorado
Latitude
40.1533
Longitude
-105.092
CBSA code
14500
CBSA name
BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$50,253
$187,265
$259,414
$446,679
-
$671,200
$929,800
$1,601,000

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