607 Elberta Ave - Freestanding FOR SALE


Palisade, CO 81526
$1,726,101 USD
513-300-0763
607 Elberta Ave, Palisade, CO for Sale
$1,726,101 USD
Freestanding - FOR SALE
1/4
null | 7.6% Cap Rate

607 Elberta Ave
Palisade, CO 81526


HIGHLIGHTS

  • 1.75 Years of Guaranteed Lease Term (Lease Exp: 04/30/2028) | 2013 Construction | Build-to-Suit Dollar General 9,240 SF Building on 1.19 Acre Parcel
  • Three (3) - Five (5) Year Option Periods with 10% Rental Increases Absolute NNN Lease with ZERO Management Responsibilities. Brick & Stucco Exterior
  • Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes | Monument Signage | Construction Cost Estimated At $7.1 Million
  • Grand Junction, CO | 12 Miles Montrose, CO | 66 Miles Aspen, CO | 117 Miles Denver, CO | 232 Miles Boulder, CO | 244 Miles Fort Collins, CO | 293 Mile
  • 1Mile: 2,817 Residents | $103,409 Avg House Income 3-Mile: 4,908 Residents | $111,801 Avg House Income 5-Mile: 9,218 Residents | $102,198 Avg House
  • US 6/Elberta Avenue Intersection (0.1 Miles from Subject Property) Being Improved Intersection Reconstructed Into a Concrete Modern Roundabout.

OVERVIEW

Known as the "Peach Capital of Colorado," Palisade is located north of the Colorado River near Grand Junction. With a climate that yields a 182-day growing season, Palisade is renowned for its agriculture and has more than two dozen orchards and fruit farms, as well as 30 wineries. The town offers year-round recreational opportunities including skiing, hiking, biking, and rafting, as well as a walkable downtown with numerous shops and restaurants.

FOR SALE DETAILS

PRICE

$1,726,101 USD

PRICE/SF

$187 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

CB

APN/PARCEL ID

2937-093-41-002

ASK ABOUT THIS PROPERTY

Brian BrockmanBang Realty, IncMore Info
513-300-0763

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Brian BrockmanBang Realty, IncMore Info
513-300-0763

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