Fully Leased Retail Property In The Heart Of Downtown Longmont
$2,000,000
516 Main Street, Longmont, CO 80501
6
Cap Rate
MU-D
Zoning
Details:
Highlights:
- Fully leased two-tenant retail property in the heart of Longmont
- Popular, established Mediterranean restaurant anchors the building
- New café/game lounge completing its custom build-out
- Approx. 18 months remaining on one lease with extension options
- Five-year lease on the second tenant
- Strong contractual rent escalations
- Over $515,000 invested in recent capital improvements
- Minimal near-term capital expenditure needs
- Prime walkable Main Street location surrounded by restaurants, retail, breweries, offices, and community events
Description:
516 Main Street offers the opportunity to acquire a fully leased, two-tenant investment property in the heart of Downtown Longmont, one of the Front Range's most dynamic and closely watched markets. With a diverse tenant mix, meaningful remaining lease term, strong annual rent growth, and approximately $515,000 in recent capital improvements, this is a true turnkey investment positioned to benefit from the continued momentum of Downtown Longmont.
As Longmont continues its evolution into one of Colorado's most desirable downtown cores—with national recognition, a flourishing restaurant scene, rapid residential growth, and the anticipated arrival of the Sundance Film Festival to neighboring Boulder County—Main Street has become a destination rather than simply a corridor. Investors increasingly view Longmont as offering many of the qualities that originally drew people to Boulder, but with greater room for growth and value appreciation.
Documents:
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516_Main_Street_Longmont.pdf
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Location
Gallery
