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Taco Bell (GL)
33 East Ken Pratt Boulevard | Longmont, CO
Price
$1,860,000
Cap Rate: %
Lead Broker
Investment Highlights
- Long term Taco Bell ground lease with approximately 24 years remaining
- 10% rental escalations every five years
- Brand new construction (2018)
- Zero landlord responsibilities
- Tenant is one of the largest Taco Bell franchisees and operates over 150 Yum! Brands restaurants
Location Highlights
- Located within the Denver MSA in prestigious Boulder County
- Positioned at a signalized entrance to Harvest Junction which is a 367,000+ SF power center that is anchored by Dick’s Sporting Goods, Best Buy, Ross Dress for Less, Bed Bath & Beyond, Marshalls, Lowe’s and Walgreens
- Rapidly expanding area with significant projected population growth in excess of 2.25% annually over the next five years
- Located along Ken Pratt Boulevard which is the primary east-west thoughfare in Longmont
- Over 65,000 people living within a three mile radius
- Average household incomes in excess of $95,000 within five miles