NCE National Council of Exchangors
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Liquor

CONTROL: Exclusive VALUE: $60,000
    LOAN: $0
    EQUITY: $60,000
TITLE: MANITOU LIQUORS
TYPE OF PROPERTY: Business Opportunity
HAVE: Liquor store biz I would like to separate from the RE with an absolute NNN lease.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: Manitou Springs, CO COUNTY: El Paso
BENEFITS TO NEW OWNER: Existing income and ability to improve operations. A job with upside in a very desirable town.
GROSS SCHEDULED INCOME: $722,000    Projected
VACANCY LOSS: $0
GROSS EFFECTIVE INCOME: $722,000
EXPENSES: $615,000
NOI: $107,000
DEBT SERVICE: $60,000
CASH FLOW: $47,000
CAP RATE: 178.33%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1:      
LOAN 2:      
BENEFITS SOUGHT: To retain the Real Estate subject to a new $5,000 absolute NNN lease and not have to oversee liquor store employees.
CAN ADD: Lots of real estate, paper, existing liquor inventory.
REMARKS: Numbers assume that new operator takes over some management. The street has been under construction all 2021 and these numbers reflect that. Will sell for the cost of the existing inventory with a $5k NNN lease.
COUNSELOR: Blake Allen, EMS, CCIM
Allen Realty
108 Canon Ave
Manitou Springs, CO 80829
Phone: (719) 685-0707
Cell: (719) 684-4123
Fax: (719) 685-0400
blakeallenrealty@gmail.com
 
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