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1900 S Townsend Ave
Montrose, CO 81401

$3,287,867 USD

Freestanding For Sale  •  6,288 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 6,288 SF
  • Lot Size 0.57 AC
  • Building Class C
  • Year Built 1993
  • Cap Rate 6.00 %
  • Tenancy Single
30 Transit Score
40 Walk Score

Highlights

Rare Corporate Guaranty: Big O Tires LLC, subsidiary of TBC Corporation with over 450+ locations.
Uncapped CPI Escalations Every 3 Years: No ceiling on increases, with a ratchet structure protecting downside, rent cannot decrease at any interval
Strong Historical Rent Growth: 32% realized rent growth since 2015 commencement, over 3 escalations periods (9 years).
Near-term Rent Bump: A scheduled 2027 increase pushes the estimated CAP Rate to ~6.75%, delivering a meaningful yield lift for buyers acquiring today
Hard Corner On US Hwy 550: 27,000+ VPD, located on main thoroughfare, adjacent to multiple national credit tenants.
Hub of Western Colorado: Montrose sits in the Uncompahgre Valley at the base of the San Juan Mountains, the gateway to Telluride and Crested Butte

Property Flyers

Cap Rate: 6.00 %

Public Transportation

AirportDriveWalkDistance
Montrose Regional 14 min - 5.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 21
Type: Surface
Included in Rent: Yes
Scott Reid 949-942-6585 ParaSell, Inc.
Scott Reid 949-942-6585 ParaSell, Inc.