805 Grand Ave - Storefront FOR SALE


Del Norte, CO 81132
$2,400,000 USD
703-477-1315
805 Grand Ave, Del Norte, CO for Sale
$2,400,000 USD
Storefront - FOR SALE
1/11
null | 6.25% Cap Rate

805 Grand Ave
Del Norte, CO 81132


HIGHLIGHTS

  • Operating history of over 36 years.
  • 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
  • Absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.

OVERVIEW

CBRE is pleased to exclusively offer for sale the 3,684-square-foot Alta convenience store and gas station situated on 0.46 acres in Del Norte, CO. Alta’s absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance. Business is not for sale.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$651 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alta: Del Norte, CO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,099 SF

ZONING

01

APN/PARCEL ID

1531007010

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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