701 Baptist Rd - Freestanding FOR SALE


Monument, CO 80132
$3,319,000 USD
818-632-0233
701 Baptist Rd, Monument, CO for Sale
$3,319,000 USD
Freestanding - FOR SALE
1/10
null | 5.65% Cap Rate

701 Baptist Rd
Monument, CO 80132


HIGHLIGHTS

  • 9+ Years Remaining | Options To Extend | Scheduled Rental Increases
  • NN | Fee Simple Ownership | Minimal Landlord Responsibilities
  • 660,000+ SF Monument Marketplace | Near New Apartment Complex
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN leased, Sherwin Williams investment property located in Monument, Colorado. The tenant, Sherwin Williams has 9+ years remaining on their 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features variable rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with the landlord being responsible for Roof, Structure, and Parking Lot (excluding snow & ice), making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,319,000 USD

PRICE/SF

$738 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Sherwin-Williams | Rapid Area Development

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

CROSS STREETS

Providence St

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

-

APN/PARCEL ID

71362-01-009

ASK ABOUT THIS PROPERTY

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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