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NNN Retail Building
For Sale
$1,376,400

103-5451 E Harmony Rd, Fort Collins, CO 80525

Modern retail property leased to a nationally operating indoor golf simulator tenant under a long-term NNN arrangement.

Property SizeContact for details
Days on Market80

Property Features for 103-5451 E Harmony Rd

General Information

Standard status Active

Additional Details

Cap Rate 6%

Taxes and HOA fees

Annual Taxes $58,681

Building Details

Tenancy Single
Listing Agency: CBRE Inc
Listed By: Jon Rue · License #FA100004546
Source: Exprealty
Added: Jun 3 Changed: Aug 21 Last Checked: Aug 21 at 9:30AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE Inc

Investment Insights

Based on property information with market context.

This modern retail building is occupied by Back Nine, an indoor golf simulator concept serving individual golfers, private events, and corporate bookings. The operation combines realistic course simulation with performance analytics in a weather-independent setting and follows a membership-based model.

The property is subject to a new NNN lease running from February 6, 2026, through February 5, 2036. Contractual rent escalations are set at 2.50% annually, and the offering reflects a 6.00% cap rate. The lease structure is designed to limit landlord responsibilities while establishing a defined occupancy period. The property is located at 103-5451 E Harmony Rd in Fort Collins, Colorado.

Key Highlights

  • New 10 year NNN lease runs from February 6, 2026 through February 5, 2036
  • 2.50% annual rent escalations throughout the lease term
  • 6.00% cap rate

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Grocery & Convenience Store Storage Facility HVAC Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,508
Businesses Nearby

Demographics for 80525, CO

55,901
Population
25,144
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
2,389
Density / Sq Mi
$93,349
Median Household Income
$48,876
Median Earnings
$1,744
Median Rent
$563,100
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Modern retail property leased to a nationally operating indoor golf simulator tenant under a long-term NNN arrangement.
Where is this nnn property located?
The property is located at 103-5451 E Harmony Rd Fort Collins, CO.
What is the asking price?
The asking price for this property is $1,376,400.
What are key features of this property?
This property features: New 10 year NNN lease runs from February 6, 2026 through February 5, 2036; 2.50% annual rent escalations throughout the lease term; 6.00% cap rate
More about this property
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