NNN-Leased Retail Golf
For Sale
$1,376,400
5451 E Harmony Rd 103, Fort Collins, CO 80528
First-generation retail building on a new 10-year NNN lease with built-in annual rent escalations.
Property SizeContact for details
Days on Market67
Property Features for 5451 E Harmony Rd 103
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Cap Rate
6%
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
(720) 838-9008
Listed By:
Jessica Ostermick
(720) 838-9008
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Aug 8 at 1:48PM
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 Jessica Ostermick
Investment Insights
Based on property information with market context.
This offering consists of a first-generation retail building secured by a NNN lease. The property is leased to Back Nine, an indoor golf simulator concept, under a new 10-year lease commencing February 6, 2026 and expiring February 5, 2036. The lease includes 2.50% annual rent escalations throughout the term, designed to provide predictable built-in income growth while keeping landlord responsibilities limited under the NNN structure.
The asset is part of a broader retail setting along E Harmony Rd in Fort Collins, Colorado. Back Nine operates within a national footprint of locations, offering technology-driven, weather-independent indoor golf simulation. The concept supports both individual use and group demand, including private events and corporate bookings. Two additional neighboring investment properties in Units 105 and 109 are also available, and brochures are referenced for review.
For investors seeking a long-term, leased retail asset, the combination of a new 10-year NNN lease structure, scheduled annual rent escalations, and a nationally operating tenant provides a straightforward income-oriented profile. The offering is presented at a 6.00% cap rate.
The asset is part of a broader retail setting along E Harmony Rd in Fort Collins, Colorado. Back Nine operates within a national footprint of locations, offering technology-driven, weather-independent indoor golf simulation. The concept supports both individual use and group demand, including private events and corporate bookings. Two additional neighboring investment properties in Units 105 and 109 are also available, and brochures are referenced for review.
For investors seeking a long-term, leased retail asset, the combination of a new 10-year NNN lease structure, scheduled annual rent escalations, and a nationally operating tenant provides a straightforward income-oriented profile. The offering is presented at a 6.00% cap rate.
Key Highlights
- 2023‑built first‑generation retail building on a NNN lease with minimal landlord responsibilities
- New 10‑year lease to a nationally operating tenant: starts February 6, 2026 and ends February 5, 2036
- 6.00% cap rate offered
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Domino's Pizza
Dining
1,168 visits/mo
0.2 miles
Demographics for 80528, CO
23,660
Population
8,986
Households
2.6
Avg Household Size
38
Median Age
63%
College-Educated
97%
High-School Grad
18.5 sq mi
ZIP Area
1,279
Density / Sq Mi
$122,133
Median Household Income
$57,739
Median Earnings
$1,906
Median Rent
$654,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - First-generation retail building on a new 10-year NNN lease with built-in annual rent escalations.
Where is this storefront property located?
The property is located at 5451 E Harmony Rd 103 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: 2023‑built first‑generation retail building on a NNN lease with minimal landlord responsibilities; New 10‑year lease to a nationally operating tenant: starts February 6, 2026 and ends February 5, 2036; 6.00% cap rate offered
