bedrooms
0
bathrooms
0
square feet
2,737
Acreage
0.14
Open Houses
-
year built
1973
Full Baths
0
Half Baths
0
Riley Searle, eXp Realty, LLC, C: 970-903-5268, riley.searle@exprealty.com, www.crenmls.com: ***Attention Commercial Investors*** Are you looking to passively invest in commercial space in Colorado? Check out this opportunity! 7.01% Cap Rate, Triple Net lease, inflation provisions added in lease. This is a commercial building zoned mixed use in downtown Pagosa Springs, located right on HWY 160, great visibility! The current tenant, "Sage," is a local favorite restaurant. They are on a 5 year triple net lease (end of 2026), meaning the tenant takes care of all utilities, property taxes, insurance, and ongoing maintenance. They are well established in the community and a thriving part of the food industry in Pagosa. This is a remodeled building with a commercial kitchen set-up which includes a kitchen, a deli area, wash station, walk-in coolers, walk-in freezers, an office, a remodeled bathroom for staff and customer use, and all trade fixtures needed to run a restaurant. This is a truly passive investment opportunity as you don't have to deal with broken heaters, repainting, or any day-to-day maintenance. That responsibility all lies with the tenant! A copy of the current lease agreement can be made available to qualified buyers. At a 7.01% cap rate, this is a great turnkey investment.
Location | |
Subdivision | - |
County | Archuleta |
Elementary School | - |
Middle School | - |
High School | - |
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Last update: Wednesday, January 15 2025 at 2:30 a.m. EST
Kotohomes National
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