53 E Palmer Lake Dr
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53 E Palmer Lake Dr
3,160 SF Retail Building Pueblo, CO 81007 $1,200,000 ($380/SF) 7.50% Cap Rate
Investment Highlights
- • 15 Year ABS NNN Lease; Zero Landlord Responsibility
- • Over 16 years of successful operating history at this location
- • Situated on large .72 Acre Parcel with ample parking; 35 spaces
- • Attractive 10% Rental Increases every 5 years
- • Healthy Rent to Sales; AUV Increasing YoY (contact broker for details)
- • 12,000 Households within 5 miles
Executive Summary
Excellent Single Tenant Investment Opportunity
• 15 Year ABS NNN Lease; Zero Landlord Responsibility
• Attractive 10% Rental Increases every 5 years
• Over 16 years of successful operating history at this location
• Healthy Rent to Sales; AUV Increasing YoY (contact broker for details)
• Situated on large .72 Acre Parcel with ample parking; 35 spaces
Outstanding Location in Pueblo, CO
• Home of Colorado State University Pueblo, CO
• Located 40 miles South of Colorado Springs and 110 miles south of Denver
• Strong Population Growth within 10-mile radius over past 10 years
• Average Household Income Exceeds $96,000 within 3 miles
• 12,000 Households within 5 miles
• Only Full-Service Breakfast Restaurant in West Pueblo
• 15 Year ABS NNN Lease; Zero Landlord Responsibility
• Attractive 10% Rental Increases every 5 years
• Over 16 years of successful operating history at this location
• Healthy Rent to Sales; AUV Increasing YoY (contact broker for details)
• Situated on large .72 Acre Parcel with ample parking; 35 spaces
Outstanding Location in Pueblo, CO
• Home of Colorado State University Pueblo, CO
• Located 40 miles South of Colorado Springs and 110 miles south of Denver
• Strong Population Growth within 10-mile radius over past 10 years
• Average Household Income Exceeds $96,000 within 3 miles
• 12,000 Households within 5 miles
• Only Full-Service Breakfast Restaurant in West Pueblo
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,160 SF
Building Class
B
Year Built
2008
Price
$1,200,000
Price Per SF
$380
Cap Rate
7.50%
NOI
$90,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.72 AC
Parking
35 Spaces (11.08 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 0-6-11-4-20-001 | Improvements Assessment | $87,870 |
| Land Assessment | $7,390 | Total Assessment | $95,260 |
PROPERTY TAXES
Parcel Number
0-6-11-4-20-001
Land Assessment
$7,390
Improvements Assessment
$87,870
Total Assessment
$95,260
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Power Broker Brian Brockman -
Bang Realty
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53 E Palmer Lake Dr
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