997 U.S. 50 Business Hwy - Convenience Store FOR SALE


Olathe, CO 81425
$1,373,614 USD
970-946-3935
997 U.S. 50 Business Hwy, Olathe, CO for Sale
$1,373,614 USD
Convenience Store - FOR SALE
1/8
null | 6.75% Cap Rate

997 U.S. 50 Business Hwy
Olathe, CO 81425


HIGHLIGHTS

  • Absolute Triple Net
  • Lots of Parking
  • High Cap Rate with 10 Years Left on Lease

OVERVIEW

Absolute NNN lease with over 10 years remaining on the initial 15 year lease at a 6.75% cap rate. Building is only 5 years old, sits on 1.39 acres, and has 30 parking spaces. This is true "mailbox money" with zero management responsibilities by the owner. Tenant pays all insurance, taxes, maintenance, and operating expenses.

FOR SALE DETAILS

PRICE

$1,373,614 USD

PRICE/SF

$149 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

Commercial

APN/PARCEL ID

R0024848

ASK ABOUT THIS PROPERTY

Justin OsbornThe Wells Group Real Estate BrokerageMore Info
970-946-3935

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Justin OsbornThe Wells Group Real Estate BrokerageMore Info
970-946-3935

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