110 Ken Pratt BlvdLongmont, CO 80501

Property Details for 110 Ken Pratt Blvd

Construction

CONCRETE BLOCKS

Lot size

0.86 AC

Property size (Sq ft)

4,910 SF

Property type

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

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