1300 E Main St - Fast Food FOR SALE
Cortez, CO 81321 |
$2,212,389 USD
818-625-3521
1300 E Main St
Cortez, CO 81321
HIGHLIGHTS
- Long-term 15-year sale leaseback with zero landlord responsibilities.
- Healthy hedge against inflation with 10% rent increases every 5 years.
- Emerge Inc. is an award-winning and growing operator with 185 units across four brands (40+ unit guarantee).
- Strong sales performance with a healthy rent-to-sales ratio (inquire for details).
- Targeted demographic for Taco Bell with limited competition and a successful 30-year operating history.
- Located on E Main St, the main thoroughfare through Cortez, which sees a daily traffic rate of 20,000 VPD.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 1,622 SF Taco Bell located at 1300 E Main St in Cortez, CO. This deal includes a long-term 15-year sale leaseback with zero landlord responsibilities and a healthy hedge against inflation with 10% rent increases every 5 years, ensuring consistent and reliable income growth.
In Cooperation With Sands Investment Group - Lic. #1000070604 BoR: Max Freedman - Lic. CO #100070604
FOR SALE DETAILS
PRICE
$2,212,389 USD
PRICE/SF
$1,364 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Taco Bell - Cortez, CO
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
21
LAND DETAILS
LAND ACRES
0.78 AC
LAND SF
33,977 SF
ZONING
C
APN/PARCEL ID
R012896
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
818-625-3521
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
818-625-3521
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
