SOLD: 4860 Larimer Parkway (Firestone Complete Auto Care)

Calibrate Real Estate is excited to announce that Jim Casey successfully facilitated the purchase of a NNN-leased property located at 4860 Larimer Parkway, in Johnstown Colorado. This property has a single tenant under a commercial lease with a 5.15% CAP rate for a high return rate and zero management responsibility for the Owner. 

See below for more details on this sale;

Location: Johnstown, Colorado
Addresses: 4860 Larimer Parkway, CO 80534
Sale Date: February 25th, 2020
Sale Price: $3,769,864
Price/SF: $616.39 SF
Lot Size: *0.836 Acres +/-
Building Size: 6,116 SF
Lease Type: NNN (New Construction 15 Years)
Year Built: 2019
*Buyer to verify accuracy of square footage*

RENT ROLL:
Firestone Complete Auto Care: $194,148/Year

PROPERTY HIGHLIGHTS:
– Absolute NNN lease with 15 year lease and 5% increases every 5 years
– Brand new 2019 construction
– Corporate backed lease with guaranteed rental increases
– Positioned along retail corridor with 51k cars+ daily traffic counts

Jim Casey
720-432-4671 | Jim@CalibrateRE.com

Calibrate Real Estate (303) 482-2828
2425 S. Colorado Blvd. #250, Denver, CO 80222
http://www.CalibrateRE.com
http://www.DenverApartmentBuildingsForSale.com

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