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999 Rose Avenue, Burlington, CO

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999 Rose Avenue

Burlington, CO 80807-1814

(954.3 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1976
Building Size:12,766 SF Land Area:2.03 AC (88,427 SF)
For Sale Price:$807,000 Price/SF:$63.21
Cap Rate:7.00 %
Parking:30 Surface spaces are available; Ratio of 2.14/1,000 SF

Sale Notes:
This offering is inclusive of a 7.25 year double net lease (NN) with three five-year options backed by a corporate guarantee. The Tenant is responsible for property taxes, insurance and common area maintenance while the Landlord is responsible for the roof and structure.

The 12,766 square foot property was built in 1976 and renovated in 2010 when Dollar General moved in. Dollar General benefits from excellent visibility located directly off Interstate 70, and has quick access to Hwy 284 and Hwy 385. As the nation' s largest small box discount retailer, Dollar Generals thrive in smaller markets like Burlington, CO.
Burlington, CO (population 4,397) was established in 1888 along the Rock Island Railroad track during its construction. Burlington was in the works to become a junction town; however plans for additional railroad lines didn' t materialize. Today, Burlington is the gateway to the Rocky Mountains as the town is located directly on I-70 (175 miles East of Denver) and is also accessed from Highway 385 and Highway 24. Agricultural remains the base of the economy as one of the top producing corn and wheat counties in the State. However, this Eastern Colorado oasis is becoming more diversified with manufacturing and tourism contributing to the economic base. In the past year alone, Love' s Travel Stop coupled with three new hotels along the I-70 corridor were constructed and opened for business helping to create economic progress for the community, resulting in consistent population and job growth. Burlington enjoys low unemployment rates compared to the State average. Numerous national retailers have expanded in to the area including Napa Auto Parts, Shopko Hometown, Bomgaars, 21st Century Equipment, and Eastern Colorado Seeds.

Marcus & Millichap Inc
Drew Isaac
(303) 328-2048

Madison Schaffner
(303) 328-2037

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