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Restaurant

Papa Johns

3755 Astrozon Blvd, Colorado Springs, CO 80910

Listing Price: $1,200,000

Cap Rate
5.00%
Tenant Name
Papa Johns
Years Remaining On Lease
9.6
Gross SF
1,470
Guarantor
Franchisee Guarantee
Rentable SF
1,470
Price/Gross SF
$816.33
Lease Type
Absolute Net
Rent Per Square Feet
$40.82

Investment Overview

Papa Johns occupies the 1,470 SF subject property on a new 10-year absolute (NNN) lease. The lease features 10% rental increases every five years and contains 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
1,470
Guarantor
Franchisee Guarantee
Rentable SF
1,470
Price/Gross SF
$816.33
Lease Type
Absolute Net
Rent Per Square Feet
$40.82

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 Johns occupies the 1,470 SF subject property on a new 10-year absolute (NNN) lease. The lease features 10% rental increases every five years and contains two (2) five-year options.

Exclusively Listed By

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