Justin Krieger Announces the Sale of a Net Leased Property in Broomfield
Justin Krieger, Senior Advisor at Pinnacle Real Estate Advisors, is pleased to announce the sale of a single tenant net leased Village Inn restaurant located at 1190 East 1st Avenue in Broomfield, Colorado today.
The property, which is subject to a long-term net lease with Village Inn, sold for $2,240,000, representing 99.5% of list price. Justin Krieger exclusively represented the seller and procured the all cash buyer. The property was on the market for about one week before going under contract.
“This sale is indicative of the strong demand for single tenant net leased properties occupied by national tenants in the Denver metro area. We received multiple offers quickly and ultimately chose an experienced buyer whose goal was to generate passive income from a great piece of real estate occupied by a strong tenant.”