108 Latigo Ln - Restaurant FOR SALE
Canon City, CO 81212 |
$1,200,000 USD
108 Latigo Ln
Canon City, CO 81212
HIGHLIGHTS
- IHOP: one of the largest casual dining concepts with ±1,800 locations worldwide.
- 11-Year Absolute NNN Sale-Leaseback — zero landlord responsibilities, passive income.
- Operated by one of the longest tenured IHOP franchisees in the country.
- Priced below replacement cost — lower barrier to entry and reduced risk.
- 1.86-acre lot with additional land east of building for potential future development.
- Direct access to Hwy 50 with ±19,000 VPD and strong visibility.
FOR SALE DETAILS
PRICE
$1,200,000 USD
PRICE/SF
$279 USD /SF
CAP RATE
6.67%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IHOP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.85 AC
LAND SF
80,586 SF
ZONING
C
APN/PARCEL ID
000099924486
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