Arby's | New 20yr Abs NNN w/ Annual Incrs | 1002 N Main St
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Arby's | New 20yr Abs NNN w/ Annual Incrs 1002 N Main St
2,364 SF Retail Building Lamar, CO 81052 $4,050,000 ($1,713/SF) 6.30% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Options To Extend | Annual Rental Increases | December 2024 Grand Opening
- Signalized, Hard-Corner Intersection | Excellent Visibility |Significant Street Frontage | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Arby’s investment property located in Lamar, Colorado. The tenant, LVP Food Service Concept, LLC, recently signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 20-year initial term with 3% annual rental increases and 4 (5-year) options with rent being set at fair market value, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The property is currently under construction and set to open for business December 2024.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,364 SF
Building Class
B
Year Built
2024
Construction Status
Under Construction
Price
$4,050,000
Price Per SF
$1,713
Cap Rate
6.30%
NOI
$255,150
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
C-3 - Highway Service District
Parking
31 Spaces (13.11 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Arby's
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Arby's | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 2000-26-091 | Improvements Assessment | $21,813 |
| Land Assessment | $18,237 | Total Assessment | $40,050 |
PROPERTY TAXES
Parcel Number
2000-26-091
Land Assessment
$18,237
Improvements Assessment
$21,813
Total Assessment
$40,050
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Arby's | New 20yr Abs NNN w/ Annual Incrs | 1002 N Main St
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