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345 Ken Pratt Blvd
Longmont, CO 80501
Retail Property For Sale
Investment Highlights
- Tenant will execute brand new 15-year absolute NNN ground lease at close of escrow
- Zero landlord responsibilities – ideal for passive, long-term investors
- Brand-new construction and location, opening Q2 2026
- Includes three (3) five-year renewal options with 10% increases every 5 years
- Guaranteed by ClayCon Oil, a 25+ unit Take 5 operator named 2023 Take 5 Franchisee of the Year
- Positioned along Ken Pratt Blvd (40,000+ VPD), Longmont’s primary east–west commercial corridor
Executive Summary
Blue West Capital and Cushman & Wakefield present the opportunity to acquire a brand-new ground lease with Take 5 Oil Change at 345 Ken Pratt Boulevard in Longmont, Colorado. At closing, the tenant will execute a new 15-year absolute NNN ground lease with three (3) five-year renewal options, providing long-term passive income with zero landlord responsibilities.
The lease features 10% rental increases every five years throughout both the primary term and option periods and is guaranteed by ClayCon Oil, a 25+ unit Take 5 franchisee and the brand’s 2023 Franchisee of the Year, underscoring strong unit-level performance and operator strength.
The property is located along Ken Pratt Boulevard (40,000+ VPD), Longmont’s primary east–west commercial corridor, with strong visibility and access. The site benefits from proximity to national retailers, employment centers, and dense residential neighborhoods serving the North Denver/Boulder County trade area.
The five-mile trade area includes over 112,000 residents with average household incomes exceeding $126,000 and sustained population growth, supporting long-term demand for essential automotive services.
The lease features 10% rental increases every five years throughout both the primary term and option periods and is guaranteed by ClayCon Oil, a 25+ unit Take 5 franchisee and the brand’s 2023 Franchisee of the Year, underscoring strong unit-level performance and operator strength.
The property is located along Ken Pratt Boulevard (40,000+ VPD), Longmont’s primary east–west commercial corridor, with strong visibility and access. The site benefits from proximity to national retailers, employment centers, and dense residential neighborhoods serving the North Denver/Boulder County trade area.
The five-mile trade area includes over 112,000 residents with average household incomes exceeding $126,000 and sustained population growth, supporting long-term demand for essential automotive services.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
2,000 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$2,580,707 CAD
Price Per SF
$1,290.35 CAD
Cap Rate
5.65%
NOI
$145,810 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.47 AC
Zoning
Commercial
Parking
8 Spaces (4 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 1315100-71-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $41,476 CAD | Total Assessment | $41,476 CAD |
Property Taxes
Parcel Number
1315100-71-001
Land Assessment
$41,476 CAD
Improvements Assessment
$0 CAD
Total Assessment
$41,476 CAD
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