Passive Cash-flow: 12+ years remaining on an absolute NNN lease with no landlord responsibilities.
Percentage Rent Lease: This rare structure provides investors with potential upside in rent and a hedge against inflation. The lease also assures that the tenant remains profitable and committed to the location. (See Page 4)
Recent Remodel: The 2,958 SF drive-thru building was completely remodeled in 2016 to reflect the most recent Burger King building prototype.
Low Price-Point & Replaceable Rent: The tenant is paying below typical rent compared to other free-standing QSR properties throughout Colorado. It is also currently one of the lowest price-point QSR listings in the state.
Village At the Peaks: The property is situated at the entrance to the Village at the Peaks shopping center, the most visited shopping center in Longmont. With 6 million annual visits, the Village at Peaks ranks in the 97th percentile for shopping centers nationwide and the 96th percentile for shopping centers in Colorado.
Strategic Location: The subject has direct visibility and access from Ken Pratt Blvd (25,000+ VPD). Situated on a signalized corner pad to the larger center, patrons can easily access the property on their way to and from the larger center.