303-407-9781
307 6th St, Las Animas, CO for Sale
Freestanding - FOR SALE
1/2
null | Request Cap Rate

307 6th St
Las Animas, CO 81054


HIGHLIGHTS

  • National credit tenant with long-term lease and corporate guarantee
  • Recently extended lease with five renewal options and built-in rent growth
  • Excess land offers future development potential for retail or multifamily
  • NNN lease structure ensures minimal landlord involvement
  • Located in downtown Las Animas with strong highway visibility

OVERVIEW

Offered exclusively by Pinnacle Real Estate Advisors, 307 6th Street in Las Animas, Colorado presents a compelling net-leased investment opportunity anchored by Family Dollar, a nationally recognized discount retailer backed by Dollar Tree, Inc. This freestanding retail asset spans 11,380 square feet on a generous 0.8-acre parcel, offering both stable income and long-term upside through excess land and flexible zoning. The tenant recently executed a five-year lease extension, reinforcing their commitment to the location and providing predictable cash flow with a current net operating income of $105,375. The lease includes five additional five-year renewal options, each with 10% rent escalations, ensuring built-in growth for investors. The NNN structure minimizes landlord responsibilities, making this a low-touch, income-generating asset. Strategically located in downtown Las Animas, the property benefits from strong visibility along a key highway corridor and serves a community with consistent demand for essential goods and services. The site’s commercial zoning and excess land offer future development potential for retail or multifamily, enhancing its long-term value proposition. This investment is ideal for buyers seeking a stabilized asset with national credit tenancy, passive income, and the flexibility to unlock future development opportunities in a growing rural market.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

MUD

APN/PARCEL ID

010-10246

ASK ABOUT THIS PROPERTY

Dallas SandbergPinnacle Real Estate AdvisorsMore Info
303-407-9781

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Dallas SandbergPinnacle Real Estate AdvisorsMore Info
303-407-9781

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.