916 N Summit Blvd # T 3

916 N Summit Boulevard is located in Frisco, Colorado. The improvements were constructed in 1985. It is about 2,000 square feet. This single tenant, commercial condominium is one half two tenant, pad building. This Condo is leased to Summit Country Mountain Retreats (SCMR) a 50 Million Dollar Company.

The SCMR currently pays $76,000 per year NNN until September 1st, 2025 at which time the rent increases to $79,000 per year NNN. The lease then increases to $82,000 per year until the lease term August 31st, 2027. The tenant has three additional options of three years each. The lease amount increases 5% per year, during the option periods. 916 N Summit Blvd is perfect for a small 1031 exchange buyer with income growth that beats inflation.