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1300 E Main St
Cortez, CO 81321

$2,212,389 USD

Fast Food For Sale  •  1,622 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 1,622 SF
  • Lot Size 0.78 AC
  • Building Class C
  • Year Built 1994
  • Cap Rate 5.65 %
  • Tenancy Single
  • Zoning C
0 Transit Score
59 Walk Score

Highlights

Long-term 15-year sale leaseback with zero landlord responsibilities.
Healthy hedge against inflation with 10% rent increases every 5 years.
Emerge Inc. is an award-winning and growing operator with 185 units across four brands (40+ unit guarantee).
Strong sales performance with a healthy rent-to-sales ratio (inquire for details).
Targeted demographic for Taco Bell with limited competition and a successful 30-year operating history.
Located on E Main St, the main thoroughfare through Cortez, which sees a daily traffic rate of 20,000 VPD.
Cap Rate: 5.65 %

Major Tenants

Tenant SF Occupied Lease End Date
Taco Bell 1,622 SF

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 21
Type: Surface
Included in Rent: Yes
Max Freedman 818-625-3521 Sands Investment Group Austin, LLC
Max Freedman 818-625-3521 Sands Investment Group Austin, LLC