Current Use by Public Records
- 7 Brew Coffee / Cafe & Coffee Shop
Property Details for 1433 Encanto Pl
- Year built
- 2023
- Lot size
- 0.64 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew coffee shop located in Montrose, Colorado. Built in 2023, this property sits on a 0.64-acre lot at a hard corner, signalized intersection with high visibility (34,100+ vehicles per day). The property is subject to a Net Lease (NNN) with a corporate guarantee, offering a secure investment with a strong tenant. The lease boasts a remaining term of 15 years, with five 5-year renewal options and a 10% rent increase every five years in the primary term and options. The current asking price is $1,467,000, representing a 6.00% cap rate and a price per square foot of $2,876.47. The property generates a net operating income (NOI) of $88,000 annually. This is the first 7 Brew location in Colorado, benefiting from the brand's rapid expansion (over 175 locations nationwide) and high average unit volume (AUV) exceeding $2.4 million. The strategic location, less than nine miles from Black Canyon of the Gunnison National Park, a major tourist attraction, further enhances the investment potential. Montrose's population of over 20,098, coupled with its proximity to Telluride and Grand Junction, ensures a robust customer base. This is a rare opportunity to acquire a high-performing, established brand in a prime location with significant long-term growth potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Montrose
- State
- Colorado
- Longitude
- -107.867
- Latitude
- 38.4632
