337 W 1st St - Convenience Store FOR SALE


Salida, CO 81201
$2,187,674 USD
404-441-3849
337 W 1st St, Salida, CO for Sale
$2,187,674 USD
Convenience Store - FOR SALE
1/6
null | 6.75% Cap Rate

337 W 1st St
Salida, CO 81201


HIGHLIGHTS

  • Business Not For Sale
  • Strong Tenant | 164 Unit Operator | CO, NE, WY & NM
  • Absolute NNN Lease | Zero Landlord Obligations
  • 7.5% Increases in 2031, 2036 & in Each of the Four, 5-Year Renewal Options
  • Fee Simple Ownership | Bonus Depreciation
  • Located in the Heart of Downtown Salida, Colorado

OVERVIEW

CBRE is pleased to offer for sale the 2,450-square-foot Alta Convenience Store & Conoco Gas Station in Salida, Colorado. Built in 1976, the property is subject to an absolute NNN lease featuring ±15.5 years of term remaining and four 5-year renewal options. The offering enjoys good rent growth with the rent scheduled to increase by 7.5% in 2031, 2036 and in each option. The tenant under the lease—CF Altitude LLC—operates 164 service stations and convenience stores throughout Colorado, Nebraska, Wyoming, New Mexico, Kansas, Missouri and Illinois and is headquartered in Greenwood Village, Colorado.

FOR SALE DETAILS

PRICE

$2,187,674 USD

PRICE/SF

$893 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alta Convenience & Conoco Gas Station: Salida

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

R368132419218

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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