Skip to main content

Restaurant

Papa Johns

621 N Union Blvd, Colorado Springs, CO 80909

Listing Price: $1,200,000

Cap Rate
5.00%
Tenant Name
Papa Johns
Years Remaining On Lease
9.6
Gross SF
1,680
Guarantor
Franchisee Guarantee
Rentable SF
1,680
Price/Gross SF
$714.29
Lease Type
Absolute Net
Rent Per Square Feet
$35.71

Investment Overview

Papa John’s occupies the 1,680 SF subject property on a new 10-year absolute triple-net (NNN) lease. The lease features 10% rental increases every five years and con tains two (2) five-year options.

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net Lease
  • Experienced Quick Service Restaurant Operator
  • Established Restaurant Location with Successful Operating History

Exclusively Listed By

Listing Price: $1,200,000

Cap Rate
5.00%
Tenant Name
Papa Johns
Years Remaining On Lease
9.6
Gross SF
1,680
Guarantor
Franchisee Guarantee
Rentable SF
1,680
Price/Gross SF
$714.29
Lease Type
Absolute Net
Rent Per Square Feet
$35.71

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net Lease
  • Experienced Quick Service Restaurant Operator
  • Established Restaurant Location with Successful Operating History

Investment Overview

Papa John’s occupies the 1,680 SF subject property on a new 10-year absolute triple-net (NNN) lease. The lease features 10% rental increases every five years and con tains two (2) five-year options.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower