
1520 Royal Gorge Blvd | Canon City, CO 81212
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1520 Royal Gorge Blvd
Canon City, CO 81212
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- NNN lease - PROFORMA 7.5% CAP...
- Long standing tenant with value-add potential by adding tenant in unit 3.
- Heavy foot traffic and off major roadways
EXECUTIVE SUMMARY
Retail Strip Center – Investment Opportunity with Long-Term Tenants...This three-unit retail strip center presents an exceptional investment opportunity, featuring two well-established tenants and one vacant unit, offering additional income potential. Anchored by a popular Bar & Grill (Canon City Mugs Bar & Grill) and a thriving Coffee Shop (Canon CityCoffee), this property combines stability with growth opportunities in a high-traffic location. Property Highlights: * TotalLease Space: 6,034 sq. ft., offering flexible leasing opportunities for the vacant unit. * Long-Term Tenants: Two tenants have occupied their spaces for over 10 years, ensuring consistent income and proven business success. * Vacancy Upside:One vacant unit provides the chance to increase NOI and enhance the property’s value. * Triple Net (NNN) Leases: Current tenants are under NNN lease agreements, minimizing landlord responsibilities. * Modern Construction: Built in 2000 and meticulously maintained, the property reflects high-quality construction and ongoing care. * Ample Customer Parking: spacious parking lot accommodates tenants’ customers and supports business growth. * Attractive Cap Rate: When fully leased, the property operates at an impressive 7.5% cap rate, making it a sound investment. Positioned in a prime location with strong visibility and consistent foot traffic, this property offers a balanced blend of stable income and growth potential. Ideal for seasoned investors or first-time commercial property buyers, this opportunity is too good to pass up. Contact us today for financials, lease details, and to schedule a private tour.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,975 SF
Building Class
C
Year Built
2001
Price
$1,440,000
Price Per SF
$206
Cap Rate
4.50%
NOI
$64,837
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.46 AC
Zoning
C - General Commercial
Parking
22 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
47’ on Royal Gorge Blvd
AMENITIES
- Restaurant
- Signage
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
Parcel Number | 000099920080 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $311,218 |
PROPERTY TAXES
Parcel Number
000099920080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$311,218
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