592 Mccaslin Blvd Louisville, CO 80027

This exceptional investment opportunity presents a single-tenant, net-leased restaurant and storefront property located at 592 McCaslin Blvd, Louisville, CO 80027. The 5,128 square foot building sits on a 9,358 square foot lot and boasts 88 parking spaces, ensuring ample customer convenience. Currently operating at 100% occupancy, the property offers a stable income stream with a current annual net operating income (NOI) of $129,000, representing a 5.00% cap rate. A pro-forma NOI of $134,879 projects a 5.23% cap rate. The property benefits from a 10-year lease (commencing September 1, 2020, and expiring August 31, 2030), with eight years remaining. The tenant is credit-rated, mitigating risk. Recent improvements include a parking lot update in 2020, and roof and HVAC replacements in 2019. Built in 1995, this one-story building is situated in a prime location surrounded by retail, office, and residential properties, ensuring strong demographics within a 5-mile radius. The asking price is $2,580,000, translating to a price per square foot of $503.12. This property represents a compelling investment opportunity with significant upside potential. The established business has operated for over 25 years and includes three strong business operations. Free and clear ownership is offered.