1433 Encanto Place
Montrose, CO
Price:
$1,467,000
Cap Rate:
6.00%
NOI:
$88,000
Building Size:
Approx. 510 Sq. Ft.
Lot Size:
Approx. 0.64 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2023
Investment Overview
- 2023 Construction. 510+/- SF Building on 0.64+/- Acre Site
- Brand New 15-Year Ground Lease With (5) 5-Year Options to Renew and 10% Rental Increases Every 5 Years
- Hard Corner Signalized Location On Townsend Ave & Encanto Pl (34,100+ VPD)
- First 7 Brew Location in Colorado – 7 Brew Started in 2017 & Has Grown to over 175 Locations Nationwide
- Less than 9 Miles From Black Canyon of the Gunnison National Park – American National Park w/ Over 190,000 Tourist Visitors Per Year
- 7 Brew Coffee Has the Highest AUV of the Major Coffee QSR with an Average Revenue of $2.4M
- Montrose | 40 Miles from Telluride & 50 Miles from Grand Junction | Population: 20,098+