A Taco Bell building located at 3050 Youngfield St, Wheat Ridge, CO, is now on the market with an asking price of $1,472,000. The property is classified as a fast-food retail investment and is under a net lease agreement.
The building is 1,974 square feet and has been fully occupied since it was built in 1990. The current lease, which commenced on February 12, 1990, will expire on September 27, 2029, leaving approximately 3.7 years remaining on the term. The property is generating a net operating income of $77,304 annually, with a cap rate of 5.25%.
Notably, the lease includes rent increases and options for renewal. It is important to note that the sale pertains to the land only, which is set to expire alongside the lease in 2029. The site occupies a lot size of 0.69 acres and underwent renovations in 2020.
This listing is significant as it presents a long-term investment opportunity for potential buyers interested in retail properties with established tenants.
Source: Property Listing
