920 San Juan Street Pagosa Springs CO Real Estate

***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. The current tenant, 'Sage,' is a local favorite restaurant. 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, $3,500/month. This means that the tenant pays all utilities, property taxes, insurance cost, repairs and maintenance. At this price, this represents a pure 5.5% Cap Rate. 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.