Arby’s

CONTACT US REGARDING THIS LISTING

Robert Bender

Managing Partner

Douglas Passon

Managing Partner

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PROPERTY ADDRESS

1701 E MAIN STREET, MONTROSE, CO 81401

PROPERTY INFORMATION

Price:
$2,500,000
Cap Rate:
6.0%
Term Remaining:
20 years Years
Year Built:
1995
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
  • Situated on E. Main Street (17,900 VPD) | Local Retail Corridor
  • 10 Mile Population Exceeds 34,000 Residents | 3.23% Projected Population Growth Within 5 Miles by 2023
  • 10 Mile Median Home Value Exceeds $226,000 | 10 Mile Average Household Income Exceeds $58,000
  • Surrounding Retail Tenants Include AutoZone, McDonald's, Dollar General, Gold's Gym, Burger King, City Market, Domino's Pizza, Days Inn and Cold Stone Creamery