110 Ken Pratt Blvd Longmont, CO 80501-9004

Property Details for 110 Ken Pratt Blvd

Construction

CONCRETE BLOCKS

Lot size

0.86 lot acres

Property size

4,910 SF

Property type

Commercial real estate

APN

1315-11-2-02-002

APU

131511202002

Description

This exceptional investment opportunity presents a 5,810 square foot, single-story auto shop in Longmont, Colorado. The property boasts a 15-year absolute NNN lease with a strong corporate guarantee from Christian Brothers Automotive, a rapidly expanding national brand with over 250 locations. The lease features annual rent escalations of 1.5% beginning in year six, ensuring consistent income growth. Built in 2022, the property sits on a 0.88-acre lot at a prime location on E Ken Pratt Blvd, experiencing high daily traffic volume exceeding 45,169 vehicles. The surrounding area showcases a robust retail environment with national brands like Safeway, Lowe's, Starbucks, and many more, indicating a strong and affluent demographic. The property's Net Operating Income (NOI) is $291,000, resulting in a 6.24% cap rate, and a price per square foot of $802.07. The 5-mile radius boasts a population exceeding 108,369 with an average household income well above the national average at over $109,000. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential. The asking price is $4,660,000. The lease has options extending the term up to 65 years. This is a truly exceptional investment opportunity with minimal landlord responsibilities.

Location Insight

City

Longmont

County

Boulder

State

Colorado

Longitude

-105.092

Latitude

40.1533

CBSA code

14500

CBSA name

BOULDER, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments