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    1300 Main St Cortez, CO 81321

    For Sale
    $2,500,000

    High-Yield Taco Bell; 15-Year Lease

    Property size:
    1,622 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 1,622 square foot Taco Bell located at 1300 East Main Street in Cortez, Colorado. The property boasts a strong 5.00% cap rate and a substantial net operating income (NOI) of $125,000. This sale-leaseback offers a secure, long-term investment with a 15-year lease featuring built-in rent bumps of 10% every five years, providing a hedge against inflation. The tenant, a franchisee with an impressive portfolio of over 185 units across four brands, ensures a stable and reliable income stream. The property sits on a 0.78-acre lot and was built in 1994. Its prime location on East Main Street, a major thoroughfare with 20,000 vehicles per day, benefits from high visibility and significant foot traffic. Proximity to numerous hotels, RV parks, the Cortez Recreation Center, and Centennial Park further enhances its appeal. The surrounding area includes a variety of national retailers, creating a robust commercial environment. This essential-use, drive-thru restaurant is resilient to economic downturns and demonstrates a strong sales performance and healthy rent-to-sales ratio. The lease is a triple-net (NNN) lease, minimizing landlord responsibilities. This is a rare opportunity to acquire a well-established, high-performing Taco Bell with significant long-term growth potential. The property offers multiple points of entry for easy ingress and egress.

    Property Features for 1300 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,622 SF
    Lot Size
    33,977 SF

    Building Details

    Year Built
    1994

    HighLights

    • $2,500,000 asking price for a 1,622 SF Taco Bell in Cortez, CO.
    • 15‑year sale‑leaseback with zero landlord responsibilities.
    • 5.00% cap rate with $125,000 NOI.
    • 10% rent increases every 5 years, providing inflation hedge.
    • Award‑winning franchisee operator with 185+ units across four brands.
    • Strong sales performance and healthy rent‑to‑sales ratio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Taco Bell Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cortez
    County
    Montezuma
    State
    Colorado
    Longitude
    -108.5690546
    Latitude
    37.349212

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Taco Bell; 15-Year Lease
    Where is this individual retail property located?
    The property is located at 1300 Main St Cortez, CO.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a 1,622 SF Taco Bell in Cortez, CO.; 15-year sale-leaseback with zero landlord responsibilities.; 5.00% cap rate with $125,000 NOI.
    Request Owner's contact information
    1300 Main St Cortez, CO 81321
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    Cortez, CO 81321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1300 Main St Cortez, CO 81321
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