53 Palmer Lk Dr Pueblo West, CO 81007-2874

Property Details for 53 Palmer Lk Dr

Lot size

0.34 lot acres

Zone code

B4:COMM/REG BUS DIST

Property type

Commercial land

APN

611416005

APU

611416005

Description

This exceptional investment opportunity presents a fee-simple ownership of a thriving Hen House Cafe restaurant located at 53 E Palmer Lake Dr, Pueblo West, CO 81007. The property boasts a 3,160 square foot building on a 0.72-acre lot, complete with 35 parking spaces. Built in 2008, this single-tenant property operates under a 15-year absolute triple-net (NNN) lease with a 7.50% cap rate and a substantial $90,000 annual net operating income (NOI). The lease includes attractive 10% rent bumps every five years, ensuring consistent income growth. The property benefits from a prime location in Pueblo West, near Colorado State University Pueblo, and enjoys strong demographics, including an average household income exceeding $96,000 within a 3-mile radius and 12,000 households within 5 miles. The Hen House Cafe has a proven track record of success, operating for over 16 years at this location, and is currently the only full-service breakfast restaurant in West Pueblo. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential. The property's APN is 611416005. The sale is structured as a sale-leaseback transaction.