437 W Aspen Ave - Service Station FOR SALE


Fruita, CO 81521
$2,737,000 USD
949-547-2213
437 W Aspen Ave, Fruita, CO for Sale
$2,737,000 USD
Service Station - FOR SALE
1/5
null | 4.75% Cap Rate

437 W Aspen Ave
Fruita, CO 81521


HIGHLIGHTS

  • 20 Years Remaining | Investment Grade (S&P BBB) | Scheduled Rental Increases | Brand New Construction
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Across From City Market Grocery (1.2M+ Annual Visitors) |#7 City Market Grocery in Country Nationwide
  • Demographics in 5-Mile Trade Area | Six Figure Incomes |Future Residential Development

OVERVIEW

• Tenant recently executed a brand new 20-year lease with 8 (5-year) options to extend, demonstrating their commitment to the site • Beginning in Dec. 2035, the lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation • The building features state-of-the-art, brand new construction

FOR SALE DETAILS

PRICE

$2,737,000 USD

PRICE/SF

$2,683 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

City Market Fuel Station | 20yr Abs NNN Grd

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

Downtown

APN/PARCEL ID

2697-172-17-024

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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