4455 Buckingham Dr - Fast Food FOR SALE


Colorado Springs, CO 80907- Holland Park
$2,400,000 USD
602-418-2197
4455 Buckingham Dr, Colorado Springs, CO for Sale
$2,400,000 USD
Fast Food - FOR SALE
1/9
null | 4.79% Cap Rate

4455 Buckingham Dr
Colorado Springs, CO 80907
Holland Park


HIGHLIGHTS

  • 18 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee (land ownership) in an absolute NNN, ground leased Whataburger investment property located in Colorado Springs, Colorado. The tenant, Whataburger has over 18 years of lease term remaining with 3 (10-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 10 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$800 USD /SF

CAP RATE

4.79%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whataburger | 18yrs Abs NNN w /Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

MX-M

APN/PARCEL ID

73252-13-027

ASK ABOUT THIS PROPERTY

Gregory WhiteCBRE, Inc.More Info
602-418-2197

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Gregory WhiteCBRE, Inc.More Info
602-418-2197

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