consigliere

Price Reduction on Colorado Business For Sale

Exceptional Value on Existing Business in Pueblo, Colorado



Now Listed at $850,000 ...

Great Opportunity: Real Estate and/or Existing Business. 13,000 sf historic building on 38,000 sf land in historic neighborhood just blocks from historic downtown Pueblo, Colorado

Great Opportunity  : Real Estate and/or Existing Business. 13,000 sf historic building on 38,000 sf land in historic neighborhood just blocks from downtown Pueblo, CO.

Priced to sell, 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; PLEASE CONTACT BROKER FOR MORE DETAILS.

For details on this listing be sure to check out:

Our Investment Flyer
or
Business Listing Details

For more information on this property or other investment opportunities contact:
Thomas G. Morgan, CCIM, CIPS
CM Commercial
866.539.1777 toll-free
866.539.1788 fax
www.cmcommercial.net

Historic Riverfront Estate in Mountains

River and Mountains Abound!

Endless possibility on this 5 acre river estate in the center of Colorado surrounded by the most spectacular mountain vistas anywhere. This unique property sitting on the banks of the Arkansas River includes a historic 3-story brick Victorian house (listed on National Historic Register and currently used as B&B), separate 1,301 sf cottage, a historic barn with opportunities for expansion and deeded water rights. Extensive updates in 2003 included remodel/redecorating of the 6 bedrooms & 6 bathrooms of the brick house, landscaping on the immediate acres surrounding the houses and redecorating of the 3-bedroom/1 bath cottage. This property would continue to work successfully as a Bed & Breakfast or other possible uses: corporate, artist or family retreat; base camp for fishing, rafting, hunting, biking, skiing, or other 4-season outfitters; cooking school; art school; or horse property. This property is limited only by your imagination. Located just 3.5 miles from historic downtown Salida … this special river property is a must see!

 
The secret is out . . . Salida is located in the center of Colorado surrounded by 14,000 ft mountains and is a hot-bed of mountain biking, skiing, fly-fishing, kayaking/rafting, hot springs, arts/culture and numerous other recreational opportunities. Two hours from Denver and Colorado Springs, Salida was recently featured in US News as top ten retirement community in nation. Salida has also been featured in Outside Magazine as top 10 best place to live, work and play. Other notable mentions are Esquire, Men's Journal, Home and Garden Network, 50 best Art Towns in US, CO Real Estate Journal, and repeatedly in Denver Post/Rocky Mountain News. Salida's downtown historic district has enjoyed a rebirth of development over the past few years and has become home to a large and still growing artist community. A new $36M hospital was recently completed. Plans are under way for two new 18-hole golf courses, and master development plans exist for the new 200 acre Vandaveer Ranch development on the east edge of town.  Salida’s 4-season climate and 300+ days of sunshine p/yr support its ”Banana Belt” nickname; a perfect destination for families, sports enthusiasts, and residents alike.

For more information on this property, or other commercial real estate investment opportunities, contact:

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

Net Leased Checker Auto Parts Colorado

Ideal 1031 near Aspen and Vail, Colorado

Two tenant net leased retail property with national and regional credit. CSK Auto, Inc. (NYSE: CAO) dba Checker Auto occupies 85% of the property and Big O Tire franchisee occupies the balance of the property. Both tenants are on long term NNN leases with escalations making for easy property management: Checker has 13 years remaining and Big O is on brand new 10 year lease. Checker escalates every 5 years at 10% and Big O has annual 2% increases. Property was fully remodeled specifically for CSK in 2006. Property sits on out lot of the Glenwood Springs Mall which is anchored by JC Penny, Staples, Dunlap’s and K-Mart. Property is directly off of Interstate 70. Property is less than one hour from Aspenand Vail Ski Areas and 30 minutes to Eagle/Vail Airport.

Glenwood Springs,Coloradois the retail center and county seat for Garfield County and benefits from the highly mobile population of Vail (East) and Aspen (South) and the current expansion of Rifle/Battlement Mesa (West) along the highly traveled I-70 corridor. The city acts as a regional trade center for the surrounding area and is a major source of labor for the Aspen area as well as the booming oil and gas business. Next to tourism, the largest economic driver in this area is construction, with 25% of the male population involved in the construction trade.  Glenwood's growth is evident in ongoing commercial & residential development.

Glenwood Springs attracts vacationers from around the world to enjoy their hot springs, mountains, ski slopes, rivers, fishing, biking and hiking. Glenwood Springs has a variety of employment opportunities in the service, recreation, retail and professional sectors as well as in government, construction, and education. The tri-county area population is over 100,000 people.

For more information about this property or other investment opportunities, contact:

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

Retail Center with Upside - 60 miles from St Louis

Northtown Center is a multi-tenant retail center with 90% occupancy, strong tenant mix, and 9.72% proforma cap rate. Located in town on busy Hwy 4, across from the SuperWalMart in Sparta, Illinois.

The Northtown Center presents great upside potential with 333 feet of frontage on 4.20 acres along Hwy 4 with 8,000 ADT. This retail center demonstrates strong income potential with 90% current occupancy, excellent tenant mix, and proximity to other community business anchors. This 3-building center offers endless possibilities on future increases in rents, opportunities to partition large spaces, as well as possible sub-division and additional pad development. Currently 8.63% actual cap rate and a 9.72% proforma cap rate.

This is a value opportunity at $57 psf.

Sparta is located in southwestern Illinois in Randolph County (just 1 hour from St. Louis, Missouri) at the intersection of Illinois Highways 154 & 4, supported by the nearby towns of Red Bud, Pinckneyville, Baldwin and others. Sparta is home to approximately 4,500 people (1,200 students evenly distributed between K-12 – 3.01 people per household) with over 33,000 residents living in Randolph County that are 30 minutes or less from Sparta.

Families of Sparta and surrounding towns are supported by several small- to mid-size employers including: Sparta Community Hospital, Gilster Marylee Corporation, Sparta Light Metal, MedStar Ambulance HQ, SuperWalmart, Sparta School District.

Sparta is home to the World Shooting Complex with multiple regional and national events attracting visitors throughout the year as well as the Sparta Community Airport.

Visit our web link for this property.

For information on this and other investment opportunities, contact:

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

Riverfront Development Land

Prime Riverfront Development Opportunity in growing Salida, Colorado

3.71 acres on the Arkansas River, walking distance to historic downtown with 330 feet of river front. Currently used as mobile home park and could be redeveloped with +/- 28 - 65 residential/work/live units. City comprehensive plan calls for high density residential at this site. Topographic survey is completed along with six development schemes by national new-urbanism land planner. Trailer park grosses ~$124,000 p/y; two houses, 30 trailer/space rentals. This is one of the last large parcels on the famous Arkansas River in a growing
Colorado mountain town.

Total land square footage to increase to ~164,819 sf after City land swap, see broker for details.

The secret is out… Salida is located in the center of Colorado surrounded by 14,000 ft mountains and is a hot-bed of mountain biking, skiing, fly-fishing, kayaking/rafting, hot springs, arts/culture and numerous other recreational opportunities. Two hours from Denver and Colorado Springs, Salida was recently featured in US News as top ten retirement community in nation. Salida has also been featured in Outside Magazine as top 10 best place to live, work and play. Other notable mentions are Esquire, Men' s Journal, Home and Garden Network, 50 best Art Towns in US, CO Real Estate Journal, and repeatedly in Denver Post/Rocky Mountain News. Average home prices in Salida are ~$250,000 which is ~65% lower than other similar towns in Colorado; there is significant room for value growth. Salida's downtown historic district has enjoyed a rebirth of development over the past few years and has become home to a large and still growing artist community. A new $36M hospital was recently completed.

For details on this and many other investment opportunities, contact:

Thomas G. Morgan
CM Commercial
866-539-1777

 

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