53 E Palmer Lake Dr - Restaurant FOR SALE


Pueblo, CO 81007
$1,200,000 USD
513-300-0763
53 E Palmer Lake Dr, Pueblo, CO for Sale
$1,200,000 USD
Restaurant - FOR SALE
1/7
null | 7.5% Cap Rate

53 E Palmer Lake Dr
Pueblo, CO 81007


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

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

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$380 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,175 SF

ZONING

-

APN/PARCEL ID

0-6-11-4-20-001

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.