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NNN Restaurant Ground Lease
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5700 N Elizabeth St, Pueblo, CO 81008

LongHorn Steakhouse occupies the property under an absolute triple-net ground lease with scheduled rent increases.

Property Size5,710 SF
Price / SF$458.32
Days on Market6

Property Features for 5700 N Elizabeth St

General Information

Standard status Active
Size 5,710 SF
Property subtype RETAIL

Site & Location

Neighborhood Dillon

Building Details

Tenancy Single
Listing Agency: Marcus & Millichap | Denver
Listed By: Adam Lewis · License #(S):CO:ER100091205
Source: Moodyscre
Added: Oct 30 Changed: Nov 1 Last Checked: Nov 3 at 8:41AM

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 Marcus & Millichap | Denver

Rey
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Investment Insights

Based on property information with market context.

The 5,710-square-foot restaurant property is leased to LongHorn Steakhouse under a 10-year absolute triple-net ground lease. Construction is identified for 2026, and the lease includes 10% rental increases every five years, along with multiple renewal options.

The immediate trade area is projected to see household growth of nearly 9% within one mile by 2030. LongHorn Steakhouse is part of Darden Restaurants, whose portfolio includes 2,200 locations.

Key Highlights

  • 5,710‑square‑foot restaurant property leased to LongHorn Steakhouse
  • 10‑year absolute triple‑net ground lease
  • 10% rental increases every 5 years

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Megan Stimpson Physician James Banich Physician Paul Pierce Physician Adam Vaudreuil Physician Tamar Hajar Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Parts Store Building Supply Grocery & Convenience Store Parking Lot & Garage

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

81
Businesses Nearby

Demographics for 81008, CO

11,868
Population
5,302
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
102.2 sq mi
ZIP Area
116
Density / Sq Mi
$68,389
Median Household Income
$45,445
Median Earnings
$1,396
Median Rent
$280,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
NNN property - LongHorn Steakhouse occupies the property under an absolute triple-net ground lease with scheduled rent increases.
Where is this nnn property located?
The property is located at 5700 N Elizabeth St Pueblo, CO.
What is the asking price?
The asking price for this property is $2,617,000.
What are key features of this property?
This property features: 5,710‑square‑foot restaurant property leased to LongHorn Steakhouse; 10‑year absolute triple‑net ground lease; 10% rental increases every 5 years
(303) 328-2000 · Office Call to check price and availability
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