2605 Townsend Ave Montrose, CO 81401-5432
Property profile & analytics
2605 Townsend Ave Montrose, CO 81401-5432
- Commercial land
- 1.06 lot acres
Property ID
US13-2256748
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dutch Bros Coffee / Cafe & Coffee Shop
Property Details for 2605 Townsend Ave
- Lot size
- 1.06 lot acres
- Property type
- Commercial land
- APN
- 3993-042-56-001
- APU
- 399304256001
Description
This exceptional investment opportunity presents a fee-simple ownership interest in a brand-new, 950-square-foot Dutch Bros Coffee location in Montrose, Colorado. Built in 2024, this single-story building sits on a 1.06-acre lot and boasts a double drive-thru, aligning with Dutch Bros.' latest prototype design. The property benefits from a high-traffic location on South Townsend Avenue (Highway 550), experiencing over 28,000 vehicles per day, and enjoys convenient access from both directions. The property is situated near major retailers including Target, Walmart, and Home Depot, as well as Montrose High School and Cottonwood Elementary School. The 15-year absolute NNN ground lease, commencing September 1, 2024, and expiring August 31, 2039, includes a corporate guarantee and offers zero landlord responsibilities. Rent increases by 10% every five years, providing significant long-term yield growth. The property features 48 parking spaces and is zoned B-3 General Commercial. The lease includes three, five-year renewal options. With a current NOI of $118,320 and an asking price of $2,254,000, this property offers a compelling 5.25% cap rate. Montrose's thriving tourism industry, fueled by its proximity to numerous outdoor attractions, further enhances the investment potential. The property is part of a larger development including 164 acres of commercial, residential, and industrial land. The surrounding area boasts a strong demographic profile, with over 25,000 residents within a three-mile radius and an average household income exceeding $84,000. This is a rare opportunity to acquire a high-performing, passively managed asset with a blue-chip tenant in a rapidly growing market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Montrose
- State
- Colorado
- Longitude
- -107.867
- Latitude
- 38.4566
- CBSA code
- 33940
- CBSA name
- MONTROSE, CO MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,476
$158,040
$0.00
$158,040
-
$544,980
$0.00
$544,980
