451 S Pratt Pky - Freestanding FOR SALE


Longmont, CO 80501
$1,649,000 USD
303-589-0086
451 S Pratt Pky, Longmont, CO for Sale
$1,649,000 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

451 S Pratt Pky
Longmont, CO 80501


OVERVIEW

Vanguard Development is pleased to present this free standing single-tenant Investment opportunity at 451 Ken Pratt Parkway, Longmont, CO 80501! Occupied by a proven track record tenant with a stable NNN lease. The property provides ample parking and close proximity to a major intersection and residential area in a busy shopping district. The building presents an excellent investment opportunity with a 7% cap rate. Featuring a 6,553 RSF building on 0.63 acres, this property has been renovated in 2012, 2016, and most recently. The successful tenant operator has a strong lease term of 5 years at a competitive lease rate starting from $17.50/RSF NNN. The one-floor building includes landlord-owned FF&E, making it a turnkey investment. Don't miss out on the chance to own a well-established restaurant location in a prime area. Contact Vanguard Development, LLC today to learn more about this unique investment opportunity!

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Mexican Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

Longmont

APN/PARCEL ID

1315102-22-003

ASK ABOUT THIS PROPERTY

Mikael Van LoonVanguard DevelopmentMore Info
303-589-0086

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

Mikael Van LoonVanguard DevelopmentMore Info
303-589-0086

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