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Tires Plus 2060 Main St 6,108 SF Retail Building Longmont, CO 80501 $249,000 ($40.77/SF) 5.90% Cap Rate
EXECUTIVE SUMMARY
Offered is a 9.75% undivided interest in a property held as Tenants in Common (TIC). The interest generates $14,680 in annual net income. Property was remodeled in 2024. The asset is under an absolute triple net lease through February 2039, with four 5-year renewal options. Rent increases 10% every five years, including at each renewal.
5 drive thru bay doors, 22 total parking spaces (2 handicapped), excellent Main Street visibility
This location is grandfathered under current zoning regulations, making it the only auto repair shop permitted on Main Street in Longmont. Property management is provided by Commerce Property Solutions.
5 drive thru bay doors, 22 total parking spaces (2 handicapped), excellent Main Street visibility
This location is grandfathered under current zoning regulations, making it the only auto repair shop permitted on Main Street in Longmont. Property management is provided by Commerce Property Solutions.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,108 SF
Building Class
B
Year Built
2003
Price
$249,000
Price Per SF
$40.77
Cap Rate
5.90%
NOI
$14,680
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.71 AC
Zoning
2138
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Discount Tire
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Discount Tire | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1205274-64-001 | Improvements Assessment | $368,037 |
| Land Assessment | $127,926 | Total Assessment | $495,963 |
PROPERTY TAXES
Parcel Number
1205274-64-001
Land Assessment
$127,926
Improvements Assessment
$368,037
Total Assessment
$495,963
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Tires Plus | 2060 Main St
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