110 Ken Pratt BlvdLongmont, CO 80501
- Other commercial real estate
- 4,910 SF
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.
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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