consigliere

Net-leased Denny's with Upside in Canon City, Colorado

This is an investment opportunity that can’t be ignored … and won’t last long!

Priced at $2,357,000 or $548 per square foot, and a 7.0% Cap Rate

 

Net leased investment in Canon City, Colorado with upside. Tenant is successful Denny’s Restaurant with a brand new 17 year NNN lease executed 3/15/08 with 10% increases every five years and two five year options. Property was built in 2005 and is adjacent to Holiday Inn Express and Chili’s Restaurant. Extra land is included in sale for further development of approximately .9 acre. Land is perfect for national fast-food or coffee credit tenant. Denny’s is the most recognized name in family dining and is the largest full-service family restaurant chain in the United   States. Most Denny’s are normally open 24 hours a day 7 days a week. At year end 2007, there were 1,546 Denny’s restaurants: 394 were owned and operated by the company and 1,152 were operated under franchise and licensing agreements.

 

Historic Canon City, Colorado is the county seat for Freemont county, and is located 35 miles West of Pueblo, CO and 37 miles Southwest of Colorado Springs, CO with a population of more than 16,000 people, and provides over 48,000 county residents with a wide array of retail, medical, and business services. Canon City has a diverse economy supported by tourism, regional retail, and federal/state corrections facilities. Hwy 50 is the primary E/W artery between Pueblo, Salida, Montrose and Grand Junction Colorado. Located at the foot of the Rockies and along the banks of the Arkansas River, visitors and residents enjoy a temperate climate, making Canon City an ideal location for outdoor recreation including golf, biking, as well as fishing, rafting, kayaking and other river-oriented activities including the world famous Royal Gorge Bridge. The downtown shopping district offers many local boutiques, art galleries, merchants, and restaurants in the quaint atmosphere of Colorado's largest historical commercial district. A recently expanded Fremont Regional Airport, St. Thomas More hospital (an acute care facility with recent renovations of $18MM), and federal/state correctional facilities are primary employers and benefits from the conveniently located Pueblo Community College/Freemont Campus.

For all the details on this and other commercial investment opportunities, contact:

Thomas G. Morgan
CMCommercial
866-539-1777
morgantg@gmail.com

www.net-leased-dennys.com

 

Great CA Highway 101- Build to Suit or Ground Lease

Great build to Suit or Ground Lease opportunity on .75 acre (32,670 sf) in Santa Maria, California.

This parcel has high visibility from Highway 101 and. The intersection of Donovan Road and on/off ramps and Carlotti Drive has a stop light for easy ingress/egress.

The property is zoned FS: Freeway Service which allows restaurants and hotel/motel. Fast-food and gas station/convenience stores are permitted with Conditional Use permit. Highway 101 has 58,000 ADT N/S and Donovan Road has 13,000 ADT E/W.   

Terms negotiable for build to suit or ground lease.

170 miles north of Los Angeles and 30 miles south of San Luis Obispo, this parcel is located just of of High 101.  There is great visibility, good traffic counts and solid demographics.  Located on a hard corner with stop-light.  78,322 three mile population and $51,244 one mile household income.

The Santa Maria Valley continues to increase its employment population.  Since 1999, 12,134 non-farm jobs have been created in the Santa Maria Valley for a cumulative increase of 47 percent.  Vandenberg Air Force Base also plays an important role in the city's economic engine, as the largest employer in the area, employing over 6,600 people.

The largest increases in employment were contributed by wholesale trade, local government, mining and retail trade. Other important sectors of the local economy include education and health jobs which comprise half of the largest employers in Santa Maria, CA.   

For more details on this and other real estate investment opportunities nationwide, contact:

 

Thomas Morgan

CMCommercial

http://www.cmcommercial.net

866-539-1777

Historic Masonic Building, Montrose Colorado

Historic Masonic Building in downtown Montrose, Colorado

 
Built in 1911, this 14,550 square feet historic building is loaded with historic character and unique details.

50 feet of frontage on Hwy 50 (main traffic artery through Montrose) affords very high traffic and excellent visibility to a retail, office, or showroom business. The building is currently leased to multiple tenants.

This building is on the Historic Register and provides many tax credit opportunities. This 3 story structure includes an elegant stained glass cupola (dome) and a beautiful, spacious loft. Property carries B-1 zoning (Central Business District).  Conceptual sketches available on capitalizing on the soaring 2nd and 3rd floors, ballroom & loft spaces.

 

Property is located in the Central Business District of Montrose, Colorado. 2004 City population of 14,771 and County population of 36,674 generates strong retail revenue (22% of City’s economic base) and serves as major retail center for neighboring Telluride, Ouray & Ridgeway (with Grand Junction, Gunnison, and Crested Butte less than 1-1/2 hrs drive). Primary employers include Montrose County School District, Russell Stover Candies, Montrose Memorial Hosptial and Montrose County Offices.

Area is supported by the Montrose Municipal Airport, Mesa State College and Delta-Montrose Technical College. 

Well priced at $674,888 ...

Thomas Morgan of CMCommercial has all the details.

866-539-1777

www.cmcommercial.net

LaRenaissance Historic Listing in Pueblo Colorado

Great Opportunity:  LaRenaissance Historic Property in Pueblo, Colorado

13,000 sf historic building on 38,000 sf land in historic neighborhood just blocks from downtown Pueblo, Colorado.

Priced to sell at $1,100,000, this can be purchased as real estate only OR can include the business and assets of the renowned La Renaissance Restaurant. The real estate consists of a corner location with three parcels of land and a 13,000 building (10,930 sf main level) that was built and used as a church from 1886 to 1974.

Zoned R-5, permitted uses include offices, residential, apartments, and other possible business uses. La Renaissance has been in business for over 37 years and is recipient of many awards and national press.

Five dining rooms with seating for 323, three offices, large basement, and ample parking. 2006 gross was $750k+. Very experienced staff.

There are too many great details to list here.

Thomas Morgan of CMCommercial has all the details

866-539-1777

www.cmcommercial.net

Net-Leased Medical Office, Cambridge OH

Net-Leased Medical Office in Cambridge, Ohio

Net-leased single tenant investment opportunity at actual cap-rate of 8.9%.  

Built in 1989 this property has had steady occupancy as medical offices. Property is currently leased to Dr. Fall, DC/Multicare Physicians and is less than one mile from the SE Ohio Regional Medical Center.

Proforma cap rate of 8.4% and five year IRR of 14.62%.

Double net lease, landlord responsible for property taxes and capital expenses.

A great investment opportunity and well priced at $456,000

Cambridge Ohio, is a located in beautiful SE Ohio and home to a strong manufacturing and shipping economy. Cambridge is less than a two hours from Columbus, Cleveland and Pittsburgh.

Thomas Morgan at CMCommercial has all the details.

866-539-1777

www.cmcommercial.net

Introducing ReferralRewards- Enjoy the Mexican Caribbean.... on me

On a recent visit to the Hyatt Caribe, sitting on the balcony of our top floor suite overlooking the amazingly crisp blue Caribbean, I thought to myself... this is great, I would love to share this place with my friends and clients.

So, no reason not to.

And with that, I introduce the ReferralRewards Program.

I work hard to provide clients with top notch real estate advisory services and live by the motto "a referral is the best compliment I can receive".  Beginning today, on an annual basis, I will hold a drawing every December 1st for a lucky client or associate to receive a trip for two to the Mexican Caribbean. Every referral we receive will equal one entry in the drawing with no upward limit as to the number of entries. 10 referrals from one client equals 10 entries for that client. (Incoming referrals from other associates accepted as well: lenders, bankers, title, surveyors, appraisers, etc.)

The referral can be for any type of commercial real estate anywhere in the U.S.  We specialize in national commercial investment sales, primarily NNN and retail deals but have large network of commercial brokers who can handle any type of commercial transaction including leasing.  We will also consider residential referrals on a case by case basis as we have residential brokers in our network who can service these deals.

I did a great job for you and can do a great job for your friends, family and associates. Ask yourself today "Who needs real estate services?" And when the answer comes simply call or email me with their name and number and we will enter you into the ReferralRewards Program. One referral. Two referrals. Three and four... the blue Caribbean outside your door!.

Then when you are sitting on the beach sipping your Margarita, ask yourself "Who can I refer next year?" Adios Amigo

Call or email today... 

...........................................
Thomas G. Morgan, CIPS
CM Commercial
866.539.1777 toll-free
866.539.1788 fax
www.cm-commercial.net

where in the world?

This is a cool free service....shows a map of where you have been in the world..... kind of like where is waldo?  how about where is tmo?