330 S Broadway - Retail FOR SALE


Cortez, CO 81321
$2,882,226 USD
513-300-0763
330 S Broadway, Cortez, CO for Sale
$2,882,226 USD
Retail - FOR SALE
1/4
null | 5.75% Cap Rate

330 S Broadway
Cortez, CO 81321


HIGHLIGHTS

  • Absolute NNN lease with ZERO landlord responsibilities
  • Franchisee is a 15 unit operator 6% rental increases every 5 years throughout the initial term and option period
  • Excellent visibility along South Broadway with an estimated 16,000 vehicles per day
  • Large pylon sign and significant street frontage
  • Nearby tenants include Family Dollar, Walmart Supercenter, Walgreens, and Safeway
  • Latest prototype with state-of-the-art, 2023, high-quality construction withmodern amenities and design

OVERVIEW

Introducing the Popeyes in Cortez - a premium investment opportunity in Colorado! This state-of-the-art fast-food restaurant is home to Legacy Chicken, LLC, a successful franchisee with 15 locations. With an Absolute NNN lease, enjoy hassle-free ownership with zero landlord obligations until January 2043. The property boasts a high-traffic location with excellent visibility along South Broadway, where over 16,000 vehicles pass by daily. Included are four 5-year renewal options, each with a 6% rental increase, providing long-term stability and growth potential. Built-in 2023, this ±3,146 SF building on a ±0.93 AC lot features modern amenities and design. Situated near Walmart, Walgreens, and other major retailers, this investment is situated in a prime Commercial Highway District. Don't miss out on this lucrative investment opportunity at 330 S Broadway, Cortez, CO - Enquire Today!

FOR SALE DETAILS

PRICE

$2,882,226 USD

PRICE/SF

$916 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial Highway Distri

APN/PARCEL ID

R017869

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.