115 w 6th Street

Glenwood Springs, CO 81601 / None

MLS ID# 167240 Closed
Leasehold

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Lease $14.5

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• Description
• Location Info
• Lease Info
• Financing Info
• Listing Info
• General Info
• Details

Description

11,000 SF corner lot, 9180 total SF and an additional 2000 SF of patio space. Ideal location, commercial core, high traffic, I-70 visibility, big windows and garage doors that open to patio, 70' floor drain. Short walk to both Hot Springs, Hotel Colorado, Adventure Park and other retail, restaurants, hotels. 15 beer taps, walk-in beer cooler, partially built commissary kitchen, 6 offices, plus LOTS of storage, and tall ceilings in the back. Current occupancy is 74 people inside front finished part of building and seating for approx 120 people on patio, with an additional 4500 SF unfinished available to build out. 3 year initial lease with 2 x 5 year options. $9,500/mo plus NNN ($1600/mo) and % of sales profits = $14.50 SF + profit sharing. All FF&E is negotiable. 11,000 SF corner lot, 9180 total SF and an additional 2000 SF of patio space. Ideal location, commercial core, high traffic, I-70 visibility, big windows and garage doors that open to patio, 70' floor drain. Short walk to both Hot Springs, Hotel Co... show more

Location Info

• Type Leasehold
• Major Area Glenwood Springs
• Area 09-Glenwood Proper
• Street # 115
• Street Direction Pfx W
• Street Name 6th
• Street Suffix Street
• City/Town Glenwood Springs
• State/Province CO
• Postal Code 81601

Lease Info

• Total Building SqFt 9180.00
• Unit SqFt 5,001 - 10,000
• Ground Floor SqFt 7000
• Upper Level SqFt 2180
• Type of Lease NNN

Financing Info

• Annual Tax P/SqFt 1.52
• Tax Year 2019
• Total Expense PYear 2
• Security Deposit 15000

Listing Info

• Landlord Name Crystal River Enterprises LLC
• TB% 4
• SB% 11100
• BB% 4
• Variable Comm False
• Flat Fee No
• Agency Exclusive Right To Lease
• Member Association Glenwood Association

General Info

• SubLoc None
• County Garfield
• Legal Sec: 9 Township: 6 Range: 89 Block 62: Lots 6,7,8 and 9
• Zoning Commercial/Multi Use
• Lot SqFt 11000
• Nbr of Acres 0.25
• Unit SqFt 9180
• Account # R311858
• Parcel # 218509106009
• Year Built 1950
• Directions From Aspen: North on CO-82 / Grand Avenue and stay in right lane, enter roundabout and take the first right toward 6th Street. Take your first left on Maple. Property is on the corner of 6th and Maple. From I-70: Exit 116 CO-82 East Glenwood Springs / Aspen, stay in left lane, make left at roundabout and take first right toward 6th Street. Property is on the corner of 6th and Maple.

Details

• Allowable Uses

  Restaurant/Bar

• Current Use

  Entertainment, Light Industrial, Restaurant, Warehouse

• Construction

  Concrete Block

• Condominiumized

  No

• Substructure

  Slab

• Roof

  Membrane

• Condition

  Good

• Heating/Cooling

  Central AC, Central Heating, Evaporative Cooling

• Electric

  Yes

• Gas

  Natural Gas

• Water

  City

• Sanitation

  Sewer

• Tenant Pays

  Annual Escalation, Building Insurance, Deposit, Electric, Gas, Interior Maintenance, Property Taxes, Sewer, Trash, Water

• Owner Pays

  Exterior Maintenance, Structural Maint

• Parking

  Street Parking

• Access

  Paved

• Extras

  220V, Drive-Through Doors, Fire Alarm, Furnished, Handicap Access, Kitchen Area, Loading Dock or Well, Overhead Door(s), Security System, Smoke Detectors, Storage, Three-Phase Electric

• Location Amenities

  Corner Lot, High Traffic Loc, High Visibility, Highway Access, Intersection, Rolling Topo, View

• Occupant

  Tenant Occupied, 3 - 5 Years, Option to Renew, Escalations

• Documents on File

  Leases

• Water Rights

  No

• Mineral Rights

  No

• Terms Offered

  Lease Option

• Sign

  Yes

• Possession

  Subject to Lease