Elbert County Net Leased Industrial

Elbert County Net Leased Industrial

33555 C.R. 37
Kiowa, CO, 80117
$2,375,000.00
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    Property Features

    Price: $2,375,000.00
    Total SF: 10,000 SF
    Lot Size: 15.35 AC
    Available Space: 10,000 SF: (2) 5,000 SF Buildings
    Year Built: 2010 / 2012
    Zoning: Commercial / Industrial + Outdoor Storage
    Use: Drilling Company Operations & Yard


    Property Description

    • Single Tenant Net Leased Property Located in Kiowa just off State Highway 86 on County Road 37
    • 15.35 Acre Property with (2) 5,000 SF Buildings, 8-Acre Yard & Improvements Leased by Strong National Tenant
    • Absolute Net Lease with Tenant Paying for 100% of all Operating Expenses Including Property Tax
    • Current Lease In Place through 2030 with 3% Annual Escalations & Renewal Term Option
    • 7 Acres not Under Tenant Lease Available for Additional Development, Leasing or Potential Subdivision and Sale
    • Excellent Opportunity for Passive Investment Income with Zero Participation in Property Management
    • 100% of the 10,000 SF is Leased, Generating $166,860 NOI at a 7.0% Cap Rate
    • Access & Showing by Appointment Only – Do Not Disturb Tenant!

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