1100 Richmond Dr - Freestanding FOR SALE


Fort Collins, CO 80526
$1,485,000 USD
480-221-4221
1100 Richmond Dr, Fort Collins, CO for Sale
$1,485,000 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

1100 Richmond Dr
Fort Collins, CO 80526


HIGHLIGHTS

  • 13+ Years Remaining | Options To Extend | Annual Rental Increases | Strong Operator
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (49,800 VPD) | Retail Corridor | Strong Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

- The tenant, Oilex Operating, LLC, has 13+ years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site - The lease features 3% annual increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation - Oilex Operating, LLC is the largest Grease Monkey franchisee, with over 20 locations across Arizona, Colorado, and Texas

FOR SALE DETAILS

PRICE

$1,485,000 USD

PRICE/SF

$804 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grease Monkey | 13+yrs NNN w/ Annual Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,985 SF

ZONING

NC

APN/PARCEL ID

97274-37-001

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.