Historical Retail Sale Listing - Majestic Lube #2

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Majestic Lube #2

1242 S. Prairie Ave., Pueblo, CO 81005

N/A

3,010 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
3,010 SF
Property Type:
Retail
Property Sub-type:
Vehicle Related
Property Use Type:
Net Lease Investment with
2 years left on lease
Commission Split:
3%
Cap Rate:
10%
Occupancy:
100%
Tenancy:
Single
Lot Size:
12,812 SF
Listing ID
15995434
Last Updated
over 1 year ago

Highlights

  • Located in Large Retail Trade Area in Pueblo
  • 24,000+ Vehicles Per Day at Intersection
  • Recent Price Adjustment
  • Opportunity for Rent Increases in Option
  • Multi-Unit Operator
  • 100,000+ Population Within Five Miles

Description

**Property Shown By Appointment Only**The subject property is a 3,010-square foot building located on a 12,812-square foot lot in Pueblo, Colorado, leased to Majestic Lube, Inc. The initial lease term is five years, with two years remaining. There is one five year option remaining. This property has been operating as a lube center for 18 years.

** Property Shown By Appointment Only**Subject property is located on the Northeast corner of South Prairie Avenue and Northern Avenue. Traffic counts at this location are in excess of 24,000 vehicles per day (City of Pueblo). Surrounding national retail tenants include Walgreens, Safeway, Autozone, Advance Auto, and King Soopers grocery store.

Majestic Lube at Prairie is an established business, located in one of the largest cities in Colorado. The City of Pueblo has a long and colorful history dating back to 1842 when it was called Fort Pueblo. What brought the city from a small Fort in southern Colorado, to the backbone of Colorado, were the ore mines. This area once housed four separate towns: Pueblo, South Pueblo, Central Pueblo and Bessemer. These four towns together now make up the City of Pueblo.

Map of 1242 S. Prairie Ave., Pueblo, CO 81005 (Pueblo County)

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Created 11/19/2008