540 Hwy 105 Monument, CO 80132-9125
Property profile & analytics
540 Hwy 105 Monument, CO 80132-9125
- Drive through restaurants
- 3,097 SF
- 0.92 lot acres
Property ID
US13-2776985
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
- Drive through restaurants
Property Details for 540 Hwy 105
- Year built
- 1994
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.92 lot acres
- Property size
- 3,097 SF
- Zone code
- CC
- Property type
- Drive through restaurants
- APN
- 7114201010
- APU
- 7114201010
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased Arby's restaurant located at 540 W Hwy 105 in Monument, Colorado. The property boasts a 3,097 square foot building constructed in 1994, situated on a 0.92-acre lot. The current lease, with a remaining term of approximately 3.9 years, commenced on October 24, 2003, and expires on October 31, 2028. Four, five-year option periods remain, each with a 7.50% rent increase. The tenant, Arby's, is operated by Flynn Group, a significant franchisee with a substantial portfolio. The property benefits from a high-traffic location, with approximately 77,000 vehicles passing daily on I-25, and enjoys excellent visibility due to its pylon signage. The average household income within a five-mile radius exceeds $153,000, and the property is strategically positioned near other prominent businesses, including a Phillips 66 Truck Stop, McDonald's, Starbucks, Taco Bell, and a Safeway gas station and grocery outparcel. Its proximity to the Air Force Academy and its convenient location between Denver and Colorado Springs further enhance its appeal. The property's strong financial performance is reflected in its current NOI of $109,508 and a cap rate of 6.25%. The asking price is $1,752,135, translating to a price per square foot of $565.75. This is a rare opportunity to acquire a well-established, high-performing asset with a strong tenant and significant upside potential. The property's Class A designation and 100% occupancy further solidify its investment value.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Monument
- County
- El Paso
- State
- Colorado
- Longitude
- -104.865
- Latitude
- 39.0974
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN 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
$17,051
$169,230
$78,780
$248,010
-
$606,556
$282,369
$888,925
