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Grand Junction, CO-Two-Tenant Building-Starbuck's/Blockbuste

 
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Grand Junction, CO-Two-Tenant Building-Starbuck's/Blockbuste
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tomderkas
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Joined: 10 Sep 2006
Posts: 831

Post Grand Junction, CO-Two-Tenant Building-Starbuck's/Blockbuste Reply with quote
Two-tenant building with Starbucks & Blockbuster located in Clifton (Grand Junction), Colorado.



Location is high-traffic with virtually no retail supply in this busy area. GREAT 1031 PROPERTY. 10-years remaining with admin and mgmt fees included on the NNN leases. Original building is five-years old.



Details:



Blockbuster:

Term: 7/26/02 – 7/31/17

Rent: 9/22/06 – 9/21/11 = $78,400

9/22/11 – 7/31/17 = $86,240

Expenses: Tenant pays CAM, Insurance, and Taxes; 12% Mgmt/Admin Fee on CAM.



Starbucks:

Term: 1/01/07 – 2/28/17

Rent: 1/01/07 – 4/01/12 = $64,077

4/01/12 – 2/28/17 = $71,225

Expenses: Tenant pays CAM, Insurance, and Taxes; 10% Mgmt/Admin Fee on CAM.



SF - 5,000

Total NOI - $142,477

Cap - 6.75%

Price - $2,110,770



GREAT PROPERTY IN AN AMAZING LOCATION!

_________________
For more information, contact: tomderkas@franchiserealestate.com
Wed Dec 20, 2006 9:29 pm View user's profile Send private message Send e-mail
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