920 San Juan Street

Description

***Attention Commercial Investors*** Are you looking to passively invest in commercial space in Colorado? Check out this opportunity! This is a commercial building zoned mixed use in downtown Pagosa Springs, located right on HWY 160, great visibility! The current tenant, "Sage," is a local favorite restaurant. They are on a 5 year triple net lease at $3,785/month with the rent being raised every year in accordance with the US inflation Rate. They are well established in the community and a thriving part of the food industry in Pagosa. This is a remodeled building with a commercial kitchen set-up which includes a kitchen, a deli area, wash station, walk-in coolers, walk-in freezers, an office, a remodeled bathroom for staff and customer use, and all trade fixtures needed to run a restaurant. The current lease with Sage is a triple net, $3,785/month. This means that the tenant pays all utilities, property taxes, insurance cost, repairs and maintenance. This is a truly passive investment opportunity as you don't have to deal with broken heaters, repainting, or any day-to-day maintenance. That responsibility all lies with the tenant! A copy of the current lease agreement can be made available to qualified buyers. The lease goes through the end of 2027, and the current tenant is likely going to want to renew.