List Search

1300 E Main St
Cortez, CO 81321

$2,173,913 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 5.75 %
  • Tenancy Single
  • Zoning C
40 Walk Score

Highlights

15-year sale-leaseback with zero landlord responsibilities, providing truly passive ownership.
Attractive 10% rental increases every five years offer a strong hedge against inflation and long-term income growth.
Emerge Inc., an award-winning and rapidly growing franchisee operating 185 locations across four brands, guarantees the lease with 40+ units.
Location demonstrates solid sales with a healthy rent-to-sales ratio (financials available upon request).
Positioned in a strong demographic area with limited competition and a successful 30-year operating history.
Located on E Main Street, the primary thoroughfare through Cortez, with approximately 20,000 vehicles per day.
Cap Rate: 5.75 %

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