Taco Bell - Cortez, CO | 1300 E Main St
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Taco Bell - Cortez, CO 1300 E Main St
1,622 SF Retail Building Cortez, CO 81321 $2,380,952 ($1,467.91/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term 15-Year Sale Leaseback With Zero Landlord Responsibilities
- Emerge Inc is an Award Winning and Growing Operator With 185-Units Across Four Brands (40+ Unit Gauranty)
- Targeted Demographic For Taco Bell With Limited Competition and a Successful 30 Year Operating History
- Healthy Hedge Against Inflation With 10% Rent Increases Every 5 Years
- Strong Sales Performance With Healthy Rent to Sales Ratio (Inquire For Details)
- Located on E Main St; the Main Throughfare Through Cortez, Which Sees a Daily Traffic Rate of 20,000 VPD
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 1,622 SF Taco Bell Located at 1300 East Main Street in Cortez, CO. This Deal Includes a Long Term 15-Year Sale Leaseback With Zero Landlord Responsibilities and a Healthy Hedge Against Inflation With 10% Rent Increases Every 5 Years, Providing For a Secure Investment.
In Cooperation With Sands Investment Group - Lic. #1000070604 BoR: Max Freedman - Lic. CO #100070604
In Cooperation With Sands Investment Group - Lic. #1000070604 BoR: Max Freedman - Lic. CO #100070604
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
1,622 SF
Year Built
1994
Price
$2,380,952
Price Per SF
$1,467.91
Cap Rate
5.25%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.78 AC
Zoning
C
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Taco Bell
- Accommodation and Food Services
- 1,622 SF
- $77.07
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Taco Bell | Accommodation and Food Services | 1,622 SF | $77.07 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R012896 | Improvements Assessment | $51,642 |
| Land Assessment | $73,454 | Total Assessment | $125,096 |
PROPERTY TAXES
Parcel Number
R012896
Land Assessment
$73,454
Improvements Assessment
$51,642
Total Assessment
$125,096
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Taco Bell - Cortez, CO | 1300 E Main St
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