540 Hwy 105 Monument, CO 80132-9125
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.
Commercial Center (CC) zone district. 8. Business Campus (BC) zone district. 9. Light Industrial (LI) zone district. 10. Public (P) zone district. B. In addition to the standard zoning districts listed in subsection (A) above, the following overlay zoning district is established: 1. Regency Park Overlay Zone District. The Regency Park overlay zone district c…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Monument, COCommercial Center (CC) zone district. 8. Business Campus (BC) zone district. 9. Light Industrial (LI) zone district. 10. Public (P) zone district. B. In addition to the standard zoning districts listed in subsection (A) above, the following overlay zoning district is established: 1. Regency Park Overlay Zone District. The Regency Park overlay zone district consists of the following zone districts: a.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.