504 S Broadway
Cortez, CO 81321
Arby's-Business Included · Retail Property For Sale

Marcus & Millichap is pleased to offer this 2,987 SF Arby's located in Cortez, CO. The property is situated on .79 Acres of land. The site has been completely remodeled to Arby's Delight prototype and just received a new 20-year franchise agreement. The remodel cost over $750,000 and includes a new roof, AC Units, and newly sealed parking lot. Sales are projected to increase approximately 10% after the extensive remodel. The business is valued at 4X EBITDA and financials are available upon request. This site must be sold with the Arby's in Montrose, CO. The average household income within a five-mile radius is $56,000 annually and it has a daytime population of 15,000 +. The property is located on the main retail corridor, which includes Walmart, City Market, Walgreens, Family Dollar and more. Cortez is located in the far southwestern corner of Colorado, in the area referred to as the Four Corners Area, being the point where Colorado, Utah, Arizona, and New Mexico meet. It is within easy driving distance of several cities, including Denver (382 miles), Albuquerque (275 miles), Salt Lake City (350 miles), Santa Fe (286 miles), and Phoenix (410 miles). https://www.desertusa.com/cities/co/cortez.html#ixzz5GR5xn0Hd