330 Broadway Cortez, CO 81321-2716

This exceptional investment opportunity presents a fee-simple ownership of a newly constructed (2023) Popeyes restaurant in Cortez, Colorado. Boasting a strong 18-year lease remaining with a franchisee tenant, this 3,146 square foot property sits on a 0.93-acre lot and generates a substantial NOI of $165,728, representing a 6.25% cap rate. The lease includes 7% rent bumps every five years and four, five-year options, ensuring long-term income stability. Strategically located on South Broadway, this high-visibility property benefits from high traffic counts (19,405 AADT on South Broadway and 22,864 AADT on nearby Main Street), and enjoys proximity to numerous national retailers including Safeway, Walgreens, Walmart, and McDonald's. The Cortez area demonstrates positive population growth, with projections of 8.80% growth within a 1-mile radius from 2024-2029 and 4.2% growth from 2020-2024. The asking price is $2,651,648. This is a rare chance to acquire a high-performing, low-maintenance, net-leased asset in a thriving Colorado market. The property's prime location and strong tenant ensure a secure and profitable investment.