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2315 Main St 2315 Main St, Longmont, CO 80501
Office Building
Property Description
Rare opportunity to purchase a NNN Single Tenant educational facility located in northern Longmont, Colorado. This well- maintained property consists of 20,452 square feet and is situated on a 1.81 acre lot. Easily accessible via car or public transportation to Berthoud, Loveland, Erie, Boulder and beyond. Close to many amenities including restaurants, banking facilities, gas stations, grocery stores, and more.
As of October 1, 2023, this property entered into a Total Net Lease Agreement with DVMD, LLC. The Lease Agreement is for a 7 year term and expires on September 30th, 2030. Monthly base rent for the entire period is $23,716 per month plus triple nets. There are two (2) successive options to extend the Lease for successive five (5) year terms.
Area Description
Located on Main Street (Highway 287), between 23rd Avenue and Crisman Drive in North Longmont, close to the Highway 66.
Full Address: 2315 Main St, Longmont, CO 80501
Listing Type: FOR SALE
Status: Sold
Occupancy Rate: 100
Building Class: A
Zoning: MU-C Mixed-Use Corridor
Region: W-WM
County: Boulder
Use Type: Net Leased Investment
Property ID: 4030374
Building Sf: 20542
Parcel Num: 120527232001
Number Buildings: 1
Year Built: 1995
Free Standing: Yes
Cap Rate: 6.94
Tenancy Type: Single-Tenant