2020 Ken Pratt Blvd Longmont, CO 80501-6587

This exceptional investment opportunity presents a 2,958 square foot, free-standing Burger King located at 2020 Ken Pratt Blvd, Longmont, CO 80501. The property sits on a 0.76-acre lot and benefits from a prominent location at the entrance to the Village at the Peaks shopping center, a high-traffic area with over 25,000 vehicles passing daily. Built in 1985 and renovated in 2017, this single-tenant property is under an absolute triple-net (NNN) lease with a franchisee tenant, eliminating landlord responsibilities. The lease commenced September 19, 2006, and has a remaining term of 12 years, expiring November 30, 2036, with a 20-year lease option. The asking price is $1,692,000, representing a 5.54% cap rate. The property features a rare low price point percentage rent schedule, offering potential upside and inflation protection. Its strategic location on a signalized corner provides excellent visibility and accessibility. The Village at the Peaks shopping center, to which this property is directly connected, boasts 6 million annual visits, ranking in the top percentiles nationally and within Colorado. This investment offers passive cash flow with a long-term lease and significant upside potential. The property's strong tenant, prime location, and favorable lease terms make it an attractive addition to any portfolio.