105 Merchant Drive Montrose, Colorado 81401

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1 105 Merchant Drive COMMERCIAL LEASE INFORMATION PACKET John Renfrow * Joey Huskey Renfrow Realty Co-listed with Art Schwadron with Re/Max of Boulder, Inc, Jim Lucarelli with Real Estate Affiliates of Telluride and Tom Kalinski with Re/Max of Boulder Member of: Page 1

2 Executive Summary Large Retail Space for LEASE! 105 Merchant Drive $3,900/month NNN Retail Showroom with Service Bay 6,788 sq.ft. commercial building MOL on a.85 acre lot. Large retail showroom, office space, service bay, wash bay and storage. Building has security system. Fenced, paved yard. Ample off-street parking in large paved lot. NNN lease; tenant pays property taxes, insurance, utilities and maintenance. Located just off Highway 50, next to Montrose Ford. High traffic count. Highly visible signage. Great location for your office or retail business! Vacant and available now! Contact John Renfrow or Joey Huskey at (970) Page 2

3 Aerial Photo Montrose Ford Montrose County Regional Airport Additional.88 acres is also available for lease, contact Renfrow Realty for details. Subject property Montrose County Justice Center City of Montrose Public Works Complex Page 3

4 Directions to Property Starting from Renfrow Realty at 1832 South Townsend Ave., Montrose, CO Office number (970) Page 4

5 Sketch of Floor Plan* Main Floor Floor Drain 2 nd Level Mechanical Closet Floor Drain Utility Sink Shower Floor Drain Front Entry *Drawing is representational only, not drawn to scale. Page 5

6 Photographs Main Floor Front Entrance Service Counter Showroom from Upstairs Showroom with roll-up door for easy access Service Bay walls in the service area are fire rated Wash Bay with floor drain Page 6

7 Photographs Upstairs Open area upstairs Office Space Office Space Open area upstairs Break Room with Kitchenette Storage Page 7

8 General Information UTILITIES Water City of Montrose (970) Sewer City of Montrose (970) Natural Gas SourceGas (800) Electricity DMEA (970) phase is available (run to the lot line, but not the bldg) Telephone CenturyLink (800) Cable Charter Communications (877) LEASE TERMS $2,750/month Security deposit equal to one month s rent NNN 2015 estimated NNN monthly charges = $1280 (includes taxes and insurance) Tenant shall pay for utilities and maintenance Tenant shall carry a $1M liability insurance policy naming landlord as additionally insured Vacant and available now! Fenced Yard Security Fence Page 8

9 Montrose County Assessor Property Account Detail* Account: R Owner Information Owner Name MERCHANT DRIVE LLC In Care Of Name SCHWADRON ART Owner Address 1300 BLUEBELL AVE BOULDER, CO Tax Information *2015 $14, *Estimated Account Detail Version End MAX Parcel Number Tax Area Id Situs Address 105 MERCHANT DR City MONTROSE Legal Description Legal Summary Subd: COURT PARK FILING NO 1 AMENDED PLAT LOTS AND 16 Lot: 14 S: 20 T: 49 R: Assessment Information Actual (2015) $744,110 Assessed $215,790 Tax Area: Mill Levy: Type Actual Assessed Acres SQ FT Units Improvements $627,420 $181, Land $116,690 $33, *For more information please contact the Montrose County Assessor at (970) Page 9

10 Montrose County Assessor Property Account Detail* Type Land $116,690 $122,240 $122,240 $142,550 Land Assessed $33,840 $35,450 $35,450 $41,340 Improvements $627,420 $587,760 $587,760 $631,650 Improvements Assessed Assessment History $181,950 $170,450 $170,450 $183,180 Total Actual Value $744,110 $710,000 $710,000 $774,200 Total Assessed Value $215,790 $205,900 $205,900 $224,520 Tax History Tax Year Type Effective Date Amount 2014 Tax Charge 01/06/2015 $13, Tax Charge 01/03/2014 $12, Tax Charge 01/04/2013 $14, Tax Charge 01/03/2012 $13, Tax Charge 01/03/2011 $19, Property Characteristics Abstract Code SPEC.PURPOSE-LAND Land Code COURT PARK/JUSTICE CNTR Total Area Actual Area SubAreas Abstract Code SPEC.PURPOSE- IMPROVEMENTS Building Type AUTO DLR S AVG 35 Neighborhood COURT PARK/JUSTICE CENTER Zoning B-3_GENERAL COMMERCIAL Sq. Ft of Extra Feature37043 Neighborhood COURT PARK/JUSTICE CENTER Architecture Style AUTO DEALERSHIP Quality AVERAGE Condition AVERAGE Room Height IND WHS HT = 26 FT Roof Cover RUBBER MEMBRANE Roof Structure FLAT Heating Fuel NATURAL GAS Heating Type FORCED AIR/REFRIG UNITS Air Condition FORCED AIR/ REFRIGERATION UNIT Frame STEEL FRAMING Foundation CONCRETE SLAB Units1 Stories 2 Perimeter WARE/IND P=300 A=7000 Actual Year Built 2008 Depreciation 35YR-2008 Exterior Wall 1 Type METAL Percent 100 Interior Wall 1 Type DRYWALL Percent 60 Floor Cover 1 Type CONCRETE FINISH Percent 100 Interior Wall 2 Type METAL Percent 40 Total Area Heated Area 6788 Sub Areas BAS - Base Area 4,895 MEZ Mezzanine 527 SFB - Semi Finished Base 1,892 *For more information please contact the Montrose County Assessor at (970) Page 10

11 City Zoning Map Subject property is zoned B-3 in the City of Montrose B-3 zoning includes regulations for B-3 as well as uses by right for B-1 and B-2 Regulations are on the following page Contact City of Montrose for more information (970) Page 11

12 City Zoning Breakdown B-3 General Commercial District : B-3 GENERAL COMMERCIAL DISTRICT (A) Intent: The B-3 General Commercial District is intended for a large variety of uses that require large storage areas to conveniently serve customers. (B) Uses by Right (1) Uses listed as uses by right in the B-1 and B-2 Districts. (2) Automobile and vehicle sales or service establishments. (3) Farm implement sales or services establishments. (4) Mobile home sales or service establishments. (5) Rental businesses. (6) Feed storage and sales establishments. (8) Veterinary clinics or hospitals for large animals. (9) Automobile body shops. (10) Automotive repair and service establishments. (11) Construction and contractor s office and equipment storage facilities. (12) Above ground storage facilities for hazardous fuels. (C) Conditional uses: (1) Uses listed as conditional uses in the B-1 and B 2 Districts. (2) Warehouses and storage facilities. (D) The following uses are not to be construed as a use by right or a conditional use in the B-3 General Commercial District: manufacturing and industrial uses except as allowed by subsection (C)1. (E) Performance Standards: No use shall be established, maintained, or conducted in any B-3 General Commercial District that will result in any public or private nuisance : "B-2" HIGHWAY COMMERCIAL DISTRICT (B) Uses by Right: (1) Those listed in the B-1" District as uses by right. (2) Coin-operated laundries. (3) Bowling alleys. (4) Drive-in restaurants. (5) Convenience food stores. (6) Car washes. (7) Child care facilities. (8) Rental storage units with a maximum rental unit size of two hundred (200) square feet. (9) Veterinary clinics or hospitals for small animals. (10) Nursing homes, sanitariums, and hospitals, including those for the mentally ill. (11) Retail building material supply businesses : "B-1" CENTRAL BUSINESS DISTRICT (B) Uses by Right: (1) Retail stores, business and professional offices and service establishments which cater to the general shopping public. (2) Libraries and museums. (3) Government buildings and facilities. (4) Public utility service facilities. (5) Private and fraternal clubs. (6) Theaters. (7) Restaurants and taverns. (8) Gas stations which comply with the following criteria: (a) All fuel storage shall be located underground. (b) All gasoline pumps, lubrication and service facilities shall be located at least twenty feet (20') from any street right-of-way line. (c) No major bodywork may be conducted on the premises. (d) No curb cut may be any closer than thirty feet (30') from any street intersection. (e) A minimum lot frontage of one hundred and twenty five feet (125') is required. (f) The main building on the site shall be set back at least forty feet (40') from any property line. (9) Churches. (10) Child care facilities. (11) Accessory uses. (Ord. 1077, ) (12) Hotels and motels (off-street parking required). (Ord. 1167, ) (13) Single family homes, duplexes, and multiple family residences (offstreet parking required). (Ord. 1693, ) * Taken from City of Montrose Zoning Regulations Oct Page 12

13 Colorado DOT Traffic Count Excellent traffic count for high visibility Page 13

14 Proposed Addition to Rio Grande Arterial/Bypass Existing Bypass Existing Arterial Proposed arterial addition Main Street Townsend Avenue The San Juan Bypass was constructed in order to direct heavy traffic away from the Montrose downtown area. The first phase connected East Main Street to North Townsend Avenue. The second phase connected North Townsend to West Main. Further phases will continue south, parallel to Townsend, and connect to Townsend as it heads towards Ridgway. Some portions of the proposed addition do not have the exact locations finalized. Contact the City of Montrose for additional information at (970) Subject property Page 14

15 Vicinity Map Uncompahgre River Montrose Ford Montrose County Regional Airport City of Montrose Public Works Complex Montrose Association of Realtors Subject property Montrose County Justice Delta (~21 miles), Grand Junction (~61 miles) Center Gunnison (~64 miles), Crested Butte (~93 miles) Ridgway (~27 miles), Ouray (~38 miles), Telluride (~60 miles) Page 15

16 Recap Building Lot Monthly Yrly $/ Bldg Property Sq.Ft. Sq.Ft. Lease Yrly Lease Sq.Ft. 105 Merchant Dr. 6,788 37,026 $2, $33, $4.86 Large retail showroom Service Bay Office space Fenced, paved yard Excellent Visibility High traffic count Highly Visible signage Off-street parking LEASE TERMS $2,750/month Security deposit equal to one month s rent NNN 2015 estimated NNN monthly charges = $1280 (includes taxes and insurance) Tenant shall pay for utilities and maintenance Tenant shall carry a $1M liability insurance policy naming landlord as additionally insured $3,900/month NNN Contact John Renfrow or Joey Huskey at (970) Co-listed with Art Schwadron with Re/Max of Boulder, Inc, Jim Lucarelli with Real Estate Affiliates of Telluride and Tom Kalinski with Re/Max of Boulder Page 16