The Lyric 1209 N College Ave 11,021 SF Retail Building Fort Collins, CO 80524 $4,867,030 CAD ($441.61 CAD/SF) 6.56% Cap Rate

This is a rare opportunity to acquire a fully leased, purpose-built creative venue in the heart of Fort Collins, Colorado. Known as The Lyric, this property serves as a cultural anchor for the community, combining a music venue, theater, restaurant/bar, and outdoor gathering space in one dynamic location. The asset is ideally positioned in a thriving college town just minutes from Colorado State University, benefiting from strong local demographics, consistent foot traffic, and a vibrant arts scene.
The property is offered at $3,500,000 with a 6.56% cap rate and a new 7-year NNN lease commencing at close of escrow, providing stable, long-term income. The tenant, a well-established local operator, has been a Fort Collins staple since 2007 and occupies a building specifically designed for their operations. With a projected net operating income of $229,500 (as of May 2025), this investment offers both security and upside in a market known for growth and cultural vitality.
Purpose-built in 2017, the property features a bold, colorful aesthetic and a versatile layout that supports live performances, dining, gallery installations, and community events. The expansive outdoor area further enhances its appeal for flexible programming. This is an exceptional chance to own a property that blends financial performance with cultural significance in one of Colorado’s most dynamic markets.