1900 S Townsend Ave - Freestanding FOR SALE


Montrose, CO 81401
$3,287,867 USD
949-942-6585
1900 S Townsend Ave, Montrose, CO for Sale
$3,287,867 USD
Freestanding - FOR SALE
1/2
null | 6% Cap Rate

1900 S Townsend Ave
Montrose, CO 81401


HIGHLIGHTS

  • Rare Corporate Guaranty: Big O Tires LLC, subsidiary of TBC Corporation with over 450+ locations.
  • Uncapped CPI Escalations Every 3 Years: No ceiling on increases, with a ratchet structure protecting downside, rent cannot decrease at any interval
  • Strong Historical Rent Growth: 32% realized rent growth since 2015 commencement, over 3 escalations periods (9 years).
  • Near-term Rent Bump: A scheduled 2027 increase pushes the estimated CAP Rate to ~6.75%, delivering a meaningful yield lift for buyers acquiring today
  • Hard Corner On US Hwy 550: 27,000+ VPD, located on main thoroughfare, adjacent to multiple national credit tenants.
  • Hub of Western Colorado: Montrose sits in the Uncompahgre Valley at the base of the San Juan Mountains, the gateway to Telluride and Crested Butte

OVERVIEW

We are pleased to exclusively offer for sale the 6,288 SF Big OTires property located at 1900 S Towns en d Avenue in Montrose, CO. This investment offers a compelling opportunity to acquire a well-positioned automotive service asset with built-in income growth. An upcoming scheduled rent increase in 2027 will raise the CAP Rate from 6.00% at acquisition to ~6.75%, providing investors with a meaningful increase in yield with out requiring additional capital investment. This attractive rent escalation enhances long-term cash flow and overall investment returns.

FOR SALE DETAILS

PRICE

$3,287,867 USD

PRICE/SF

$523 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,763 SF

ZONING

-

APN/PARCEL ID

R0650981

ASK ABOUT THIS PROPERTY

Scott ReidParaSell, Inc.More Info
949-942-6585

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

Scott ReidParaSell, Inc.More Info
949-942-6585

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