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Property profile & analytics
OFF-MARKET
Drive through restaurants

540 Hwy 105 Monument, CO 80132-9125

3,097 SF 0.92 ac lot Built 1994
Entity Owned 12-yr Hold Free & Clear
Property ID
US13-2776985
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,097 SF
Lot 0.92 ac (39,905 SF)
Zoning code CC
APN 7114201010
UPID US13-2776985
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
D Smith Family LP · 12 yrs held
D Smith Family LP
since 2014
3 recorded transactions
2014
$1.4M
2003
$1.0M
1999
$805,000
Zoning & alternative use
CC · Monument, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Commercial Center
General category COMMERCIAL
Zone area 147.46 ac
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