Fort Carson, CO 80902
- Retail properties
- 3,000 SF
Current Use by Public Records
- Retail properties
Property Details
- Property size
- 3,000 SF
- Property type
- Retail properties
- Property subtype
- Bars
Description
This thriving Colorado Springs restaurant and bar is offered for sale at $395,000. The 3,000 square foot establishment boasts a spacious outdoor patio with seating for over 110 patrons, adding significant capacity to the indoor dining area. The property includes a full liquor license, allowing for the sale of beer and wine, and features over 15 large-screen TVs offering a wide variety of viewing options. The menu includes craft beers, handcrafted cocktails, and full bar and food menus, catering to a diverse clientele. The business benefits from strong year-round traffic, driven by lunch, dinner, and late-night crowds. Its location within a rapidly growing market, surrounded by new luxury homes, apartments, condos, retail outlets, hotels, office parks, and a new 8,000-seat amphitheater, ensures a robust and expanding customer base. The current lease is a NNN (Net, Net, Net) agreement with a franchisee tenant, offering a 10-year term expiring December 26, 2035, with a remaining term of one year. Rent increases are set at 2% annually, providing predictable income growth. Lease options for renewal are available for terms of 2 to 5 years. This turnkey operation presents a unique opportunity for an investor seeking a well-established and profitable business in a prime location. The property's strong performance and favorable lease terms make it an attractive investment prospect.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Carson
- County
- Palm Beach
- State
- Colorado
- Longitude
- -104.782
- Latitude
- 38.7402