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451 S Pratt Pky
Longmont, CO 80501
Family Mexican Restaurant · Retail Property For Sale
EXECUTIVE SUMMARY
Vanguard Development is pleased to present this free standing single-tenant Investment opportunity at 451 Ken Pratt Parkway, Longmont, CO 80501! Occupied by a proven track record tenant with a stable NNN lease. The property provides ample parking and close proximity to a major intersection and residential area in a busy shopping district. The building presents an excellent investment opportunity with a 7% cap rate. Featuring a 6,553 RSF building on 0.63 acres, this property has been renovated in 2012, 2016, and most recently. The successful tenant operator has a strong lease term of 5 years at a competitive lease rate starting from $17.50/RSF NNN. The one-floor building includes landlord-owned FF&E, making it a turnkey investment. Don't miss out on the chance to own a well-established restaurant location in a prime area. Contact Vanguard Development, LLC today to learn more about this unique investment opportunity!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,553 SF
Building Class
B
Year Built
1978
Price
$1,649,000
Price Per SF
$251.64
Cap Rate
7%
NOI
$115,430
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.63 AC
Zoning
Longmont - The property at 451 S Pratt Parkway in Longmont, Colorado, is zoned for Commercial use, as indicated by the "Restaurantbuilding" land use and a specif
AMENITIES
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Number | 1315102-22-003 | Improvements Assessment | $236,304 |
| Land Assessment | $130,140 | Total Assessment | $366,444 |
PROPERTY TAXES
Parcel Number
1315102-22-003
Land Assessment
$130,140
Improvements Assessment
$236,304
Total Assessment
$366,444
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