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Taco Bell - Cortez, CO 1300 E Main St 1,622 SF Retail Building Cortez, CO 81321 $2,212,389 ($1,363.99/SF) 5.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-term 15-year sale leaseback with zero landlord responsibilities.
- Emerge Inc. is an award-winning and growing operator with 185 units across four brands (40+ unit guarantee).
- Targeted demographic for Taco Bell with limited competition and a successful 30-year operating history.
- Healthy hedge against inflation with 10% rent increases every 5 years.
- Strong sales performance with a healthy rent-to-sales ratio (inquire for details).
- Located on E Main St, the main thoroughfare through Cortez, which sees a daily traffic rate of 20,000 VPD.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 1,622 SF Taco Bell located at 1300 E Main St in Cortez, CO. This deal includes a long-term 15-year sale leaseback with zero landlord responsibilities and a healthy hedge against inflation with 10% rent increases every 5 years, ensuring consistent and reliable income growth.
In Cooperation With Sands Investment Group - Lic. #1000070604 BoR: Max Freedman - Lic. CO #100070604
In Cooperation With Sands Investment Group - Lic. #1000070604 BoR: Max Freedman - Lic. CO #100070604
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
1,622 SF
Building Class
C
Year Built
1994
Price
$2,212,389
Price Per SF
$1,363.99
Cap Rate
5.65%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.78 AC
Zoning
C
Parking
21 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
155’ on East Main Street
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Taco Bell
- Accommodation and Food Services
- 1,622 SF
- $77.07
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Taco Bell | Accommodation and Food Services | 1,622 SF | $77.07 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R012896 | Improvements Assessment | $42,942 |
| Land Assessment | $73,454 | Total Assessment | $116,396 |
PROPERTY TAXES
Parcel Number
R012896
Land Assessment
$73,454
Improvements Assessment
$42,942
Total Assessment
$116,396
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Taco Bell - Cortez, CO | 1300 E Main St
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