Department Store
Murdoch's
4450 Ledge Rock Lane, Johnstown, CO 80534
Listing Price: $12,630,000
Cap Rate
6.25%
Tenant Name
Murdoch's
Years Remaining On Lease
19.5
Gross SF
50,000
Guarantor
Corporate Guarantee
Rentable SF
50,000
Price/Gross SF
$252.60
Lease Type
Double Net
Rent Per Square Feet
$15.79
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Murdoch's in the Ledge Rock Center in Johnstown, CO
Murdoch's
Investment Highlights
- 9+ years remaining on double-net (NN) lease of a free-standing Murdoch's in Johnstown, CO. The lease includes 5 x 5-year options and 10% rent increases every 5 years.
- The tenant is the corporate entity of Murdoch's Ranch & Home Supply, a privately owned merchandise store selling home goods, outdoor gear, farm and ranch supplies, and more.
- Murdoch's is part of a new 200-acre MU development, Ledge Rock Center. Once completed, the Center will feature 1,200 apartment units, 160 single-family homes, and over 1M SF of retail.
- Construction of the subject property was completed in early 2024, making it the first retail location to open in Ledge Rock. Murdoch's was opened to the public in May.
- The subject property is located on the southeast corner of I-25 and US Highway 60 (97,800 VPD). This interchange provides efficient egress and ingress from both southbound and northbound directions of I-25. There is signage visible from the highway as well.
- A newly opened Buc-ee's is located across the interstate from the subject property. The site marks the company's expansion outside of the Southern US and includes a 74,000 SF retail building, 116 fueling stations, and 12 EV charging stations. Buc-ee's locations typically see over 4.6 million annual visitors (Placer.ai).
Exclusively Listed By
Listing Price: $12,630,000
Cap Rate
6.25%
Tenant Name
Murdoch's
Years Remaining On Lease
19.5
Gross SF
50,000
Guarantor
Corporate Guarantee
Rentable SF
50,000
Price/Gross SF
$252.60
Lease Type
Double Net
Rent Per Square Feet
$15.79
Investment Highlights
- 9+ years remaining on double-net (NN) lease of a free-standing Murdoch's in Johnstown, CO. The lease includes 5 x 5-year options and 10% rent increases every 5 years.
- The tenant is the corporate entity of Murdoch's Ranch & Home Supply, a privately owned merchandise store selling home goods, outdoor gear, farm and ranch supplies, and more.
- Murdoch's is part of a new 200-acre MU development, Ledge Rock Center. Once completed, the Center will feature 1,200 apartment units, 160 single-family homes, and over 1M SF of retail.
- Construction of the subject property was completed in early 2024, making it the first retail location to open in Ledge Rock. Murdoch's was opened to the public in May.
- The subject property is located on the southeast corner of I-25 and US Highway 60 (97,800 VPD). This interchange provides efficient egress and ingress from both southbound and northbound directions of I-25. There is signage visible from the highway as well.
- A newly opened Buc-ee's is located across the interstate from the subject property. The site marks the company's expansion outside of the Southern US and includes a 74,000 SF retail building, 116 fueling stations, and 12 EV charging stations. Buc-ee's locations typically see over 4.6 million annual visitors (Placer.ai).
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Murdoch's in the Ledge Rock Center in Johnstown, CO
Exclusively Listed By
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