701 Baptist RdCascade-Chipita Park, CO 80921

For Sale
$3,410,000

High-growth Colorado location, strong tenant, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a newly constructed (2024), 4,500 square foot, single-tenant retail building in Monument, Colorado. The property boasts a 10-year net lease with Sherwin-Williams, a corporate guarantor with a BBB credit rating and over $23 billion in annual revenue (2023). The lease features built-in rent bumps of 10% every five years (except for a 5% increase in the first option period), providing excellent inflation protection. Situated on a 0.73-acre lot with 23 parking spaces, the building benefits from high visibility on Baptist Road (approx. 19,000 vehicles per day) and proximity to I-25 (approx. 100,000 vehicles per day). The location is within The District, a thriving 2,600-acre master-planned community with significant residential and commercial development, including a King Soopers-anchored shopping center, a Walmart Supercenter, Home Depot, Kohl's, and Petsmart. The property also enjoys close proximity to the US Air Force Academy and Lewis-Palmer High School, serving a highly affluent area with average household incomes exceeding $207,000 within a 5-minute radius. The property includes a new 15-year roof warranty transferable to the new owner. The asking price is $3,410,000, representing a 5.50% cap rate and a Net Operating Income (NOI) of $187,500. Four, 5-year lease options are available, extending the lease term to 2034. This is a rare opportunity to acquire a high-quality, net-leased retail property in a rapidly growing market.

Highlights

  • Investment-grade corporate lease (BBB S&P rating), $23B+ annual revenue (2023).
  • New 2024 construction, Sherwin-Williams latest prototype.
  • 10-year initial lease term.
  • Excellent visibility, ±19,000 VPD on Baptist Road.
  • 10% rent increases every 5 years (5% in first option period); strong inflation hedge.
  • 15-year transferable roof warranty.

Property Details for 701 Baptist Rd

Property type
Other retail properties, Individual retail properties
Square Feet
4,500 SF
Class
B
Year Built
2024
Buildings
1
Lot Size (sq. ft)
31,799 SF
Units
1

Location Insight

City
Cascade-Chipita Park
County
El Paso
State
Colorado
Latitude
39.0317375
Longitude
-104.9622498
701 Baptist Rd, Cascade-Chipita Park, Colorado

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701 Baptist Rd
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