4450 Ledge Rock Dr Johnstown, CO 80534
- Retail properties
- 50,000 SF
- 1.95 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4450 Ledge Rock Dr
- Year built
- 2024
- Lot size
- 1.95 lot acres
- Property size
- 50,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 50,000 square foot, freestanding Murdoch's Ranch & Home Supply store in Johnstown, Colorado. Located at 4450 Ledge Rock Dr, this property boasts a 19.4-year remaining lease term (expiring 03/31/2044) with a strong corporate tenant, Murdoch's, a regional chain with 40+ locations. The lease is a Net Net (NN) structure, featuring 10% rent bumps every five years and five five-year renewal options. The property sits on a 1.95-acre lot within the new Ledge Rock Center, a developing mixed-use project including residential and retail components. The strategic location at the southeast corner of I-25 and US Highway 60 (97,800 vehicles per day) ensures high visibility and accessibility. A newly opened Buc-ee's is located directly across the interstate, further enhancing the area's traffic and commercial appeal. Johnstown's rapid population growth (84.75% since 2010, projected 22% growth by 2028) contributes to a robust market for this type of retail. The property's current Net Operating Income (NOI) is $789,375, representing a 6.25% cap rate on the $12,630,000 asking price. Seller carry financing with below-market interest is available. This is a rare opportunity to acquire a high-performing retail asset in a rapidly expanding market with a long-term, secure lease. The building was constructed in 2024 and is currently 100% occupied.
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
- Johnstown
- County
- Weld
- State
- Colorado
- Longitude
- -104.965
- Latitude
- 40.3321
