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1900 S Townsend Ave
Montrose, CO 81401
Retail Property For Sale
Investment Highlights
- Rare Corporate Guaranty: Big O Tires LLC, subsidiary of TBC Corporation with over 450+ locations.
- Strong Historical Rent Growth: 32% realized rent growth since 2015 commencement, over 3 escalations periods (9 years).
- Hard Corner On US Hwy 550: 27,000+ VPD, located on main thoroughfare, adjacent to multiple national credit tenants.
- Uncapped CPI Escalations Every 3 Years: No ceiling on increases, with a ratchet structure protecting downside, rent cannot decrease at any interval
- Near-term Rent Bump: A scheduled 2027 increase pushes the estimated CAP Rate to ~6.75%, delivering a meaningful yield lift for buyers acquiring today
- Hub of Western Colorado: Montrose sits in the Uncompahgre Valley at the base of the San Juan Mountains, the gateway to Telluride and Crested Butte
Executive Summary
We are pleased to exclusively offer for sale the 6,288 SF Big OTires property located at 1900 S Towns en d Avenue in Montrose, CO. This investment offers a compelling opportunity to acquire a well-positioned automotive service asset with built-in income growth. An upcoming scheduled rent increase in 2027 will raise the CAP Rate from 6.00% at acquisition to ~6.75%, providing investors with a meaningful increase in yield with out requiring additional capital investment. This attractive rent escalation enhances long-term cash flow and overall investment returns.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,288 SF
Building Class
C
Year Built/Renovated
1993/2015
Price
$3,287,867
Price Per SF
$522.88
Cap Rate
6%
NOI
$197,272
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.57 AC
Parking
21 Spaces (3.34 Spaces per 1,000 SF Leased)
Frontage
252’ on Townsend Avenue
Property Taxes
| Parcel Number | R0650981 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $304,430 |
Property Taxes
Parcel Number
R0650981
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$304,430
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