53 Palmer Lake Dr, Pueblo, CO 81007
3,160 SF | Retail Building | Pueblo, CO 81007 | $1,200,000 ($380/SF) | 7.50% Cap Rate
For Sale
Active
Asking Price $1,200,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 3,160 SF
- Price / Square Foot
- $380
Listing Contacts
Brian Brockman
Property Overview
Excellent Single Tenant Investment Opportunity
• 15 Year ABS NNN Lease; Zero Landlord Responsibility
• Attractive 10% Rental Increases every 5 years
• Over 16 years of successful operating history at this location
• Healthy Rent to Sales; AUV Increasing YoY (contact broker for details)
• Situated on large .72 Acre Parcel with ample parking; 35 spaces
Outstanding Location in Pueblo, CO
• Home of Colorado State University Pueblo, CO
• Located 40 miles South of Colorado Springs and 110 miles south of Denver
• Strong Population Growth within 10-mile radius over past 10 years
• Average Household Income Exceeds $96,000 within 3 miles
• 12,000 Households within 5 miles
• Only Full-Service Breakfast Restaurant in West Pueblo
• 15 Year ABS NNN Lease; Zero Landlord Responsibility
• Attractive 10% Rental Increases every 5 years
• Over 16 years of successful operating history at this location
• Healthy Rent to Sales; AUV Increasing YoY (contact broker for details)
• Situated on large .72 Acre Parcel with ample parking; 35 spaces
Outstanding Location in Pueblo, CO
• Home of Colorado State University Pueblo, CO
• Located 40 miles South of Colorado Springs and 110 miles south of Denver
• Strong Population Growth within 10-mile radius over past 10 years
• Average Household Income Exceeds $96,000 within 3 miles
• 12,000 Households within 5 miles
• Only Full-Service Breakfast Restaurant in West Pueblo
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Lot Size (sq. ft)
- 31,363 SF
Highlights
- • 15 Year ABS NNN Lease; Zero Landlord Responsibility
- • Attractive 10% Rental Increases every 5 years
- • Over 16 years of successful operating history at this location
- • Healthy Rent to Sales; AUV Increasing YoY (contact broker for details)
- • Situated on large .72 Acre Parcel with ample parking; 35 spaces
- • 12,000 Households within 5 miles
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