Unit A 645 Tenacity Dr

Investment Highlights

The very first restaurant entering the very exclusive neighborhood of Prospect in Longmont

Executive Summary

ARI Real Estate is pleased to present a Turnkey Restaurant property in Longmont, Colorado, in the very exclusive neighborhood of Prospect, one of the most affluent areas of Northern Colorado and part of the Denver metropolitan area. The subject property is occupied by Laguna Mexican Restaurant, and is located at 645 Tenacity Dr UNIT A. The site consists of an approximately 2,400 square feet building on an approximately 20,000 sf parcel of land. Strategically located at the entrance of Prospect, the subject property benefits from being the first restaurant coming into the subdivision, which gives the subject visibility, excellent ingress andegress, strong traffic volumes, a local trade area that provides demand and synergy, and limited competition. In addition, this turn-key restaurant features a fully equipped kitchen with new equipment, grease trap, 20 feet hood, sprinkler system, transferable liquor license and patio license. The current Mexican restaurant has lots of traffic and a faithful clientele. This is a great opportunity to own the real estate and the business in one of the most exclusive areas of northern Colorado

• Sale Type    Investment or Owner User
• Sale Condition    1031 Exchange
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Bar General Retail Fast Food General Retail Restaurant Storefront Retail/Office
• Building Size    7,063
• Building Class    B
• Year Built    2005
• Price    1,200,000
• Price Per SF    170
• Cap Rate    6.67
• NOI    80,000
• Percent Leased    69
• Tenancy    Multiple
• Building Height    3 Stories
• Building FAR    0.35
• Land Acres    0.46 AC

• Corner Lot