Arby’s

CONTACT US REGARDING THIS LISTING

Robert Bender

Managing Partner

Douglas Passon

Managing Partner

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PROPERTY ADDRESS

504 S BROADWAY, CORTEZ, CO 81321

PROPERTY INFORMATION

Price:
$1,883,333
Cap Rate:
6.0%
Term Remaining:
20 years Years
Year Built:
2017
Status:
Available

INVESTMENT HIGHLIGHTS

  • Brand New 20 Year, NNN Lease Guaranteed by 8 Unit Franchisee
  • 10% Rent Bumps Every 5 Years | Five, Five Year Options
  • Remodeled to Newest Arby's Prototype - $750,000 in Renovations
  • Hard Corner of S Broadway (15,000+ VPD) and W 5th Street
  • 7.92% Projected Population Growth Within 3 Miles by 2023
  • Surrounding Retail Tenants Include Walmart, City Market, Family Dollar, Safeway, Walgreens, Dollar Tree, McDonald's, Taco Bell, True Value and Pizza Hut
  • Cortez is Home to Mesa Verde National Park with 600,000 Annual Visitors