1151 N Colorado Ave - Fast Food FOR SALE


Brush, CO 80723
$1,812,000 USD
513-300-0763
1151 N Colorado Ave, Brush, CO for Sale
$1,812,000 USD
Fast Food - FOR SALE
1/3
null | 6.25% Cap Rate

1151 N Colorado Ave
Brush, CO 80723


HIGHLIGHTS

  • 20-YEAR ABSOLUTE NNN LEASE: 14 Years remaining on initial 20-year Absolute NNN lease with Attractive 8.00% rental escalations
  • OPERATOR: Wenspoke Companies is an experienced Wendy’s franchise owner/operator with ±67 locations spread across the Pacific Northwest & Midwest.
  • Tenant on Lease (Wenplatte LLC) encompasses 12 locations in Colorado, Nebraska & South Dakota.
  • LARGE PARCEL | TRAFFIC COUNTS: Positioned on a large ±1.186-acre lot with great visibility/access.
  • Strategically located off the Heartland Expy and I-76 with traffic counts of 21,752 CPD!
  • SEASONED SALES LOCATION: Successfully open & operating for since 2009 with an attractive 6.74% Rent-to-Sales Ratio!

OVERVIEW

Property: Wendy’s has 14 Years remaining on initial 20-year Absolute NNN lease with Attractive 8.00% rental escalations. The Operator, Wenspoke Companies is an experienced Wendy’s franchise owner/operator with ±67 locations spread across the Pacific Northwest & Midwest. Tenant on Lease (Wenplatte LLC) encompasses 12 locations in Colorado, Nebraska & South Dakota. The Asset is Positioned on a large ±1.186-acre lot with great visibility/access. Strategically located off the Heartland Expy and I-76 with traffic counts of 21,752 CPD! Retailers | Entertainment: Retail options in Brush include Ace Hardware, Dollar General, NAPA Auto Parts, and Fresh Foods; Dining options range from national chains like McDonald’s and Domino’s Pizza to local favorites such as Drovers Restaurant, Victor’s Sushi, and True Grits Steakhouse - just 9 miles west in Fort Morgan, additional retailers include Walmart Supercenter and Murdoch’s Ranch & Home Supply Public Education: Brush has 4 public schools within the 4 mile vicinity serving 1,429 students Healthcare: 7 minutes (less than 3 miles) to East Morgan County Hospital - a 25-bed critical access facility, Level IV Trauma Center, offering a fully array of health care services

FOR SALE DETAILS

PRICE

$1,812,000 USD

PRICE/SF

$755 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

53,846 SF

ZONING

-

APN/PARCEL ID

103735001005

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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