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Alta Convenience & Gas: Monte Vista, CO 1331 Grande Ave 2,218 SF Retail Building Monte Vista, CO 81144 $1,675,776 ($755.53/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease features ±15.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
- Operating history of over 27 years.
- 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer for sale the 2,218-square-foot Alta convenience store and gas station situated on 0.48 acres in Monte Vista, CO. Alta’s absolute NNN lease features ±15.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
Business is not for sale.
Business is not for sale.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
2,218 SF
Building Class
C
Year Built
1998
Price
$1,675,776
Price Per SF
$755.53
Cap Rate
6.75%
NOI
$113,115
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
01
Frontage
174’ on Grand Avenue
PROPERTY TAXES
| Parcel Number | 3531320006 | Improvements Assessment | $82,064 |
| Land Assessment | $21,155 | Total Assessment | $103,219 |
PROPERTY TAXES
Parcel Number
3531320006
Land Assessment
$21,155
Improvements Assessment
$82,064
Total Assessment
$103,219
CONTACTS
-
Christopher Bosworth -
Thomas Carr -
Ty Grenier -
Brian Pfohl -
Jon Rue -
Leah Lindell -
Kaitlyn Wolf -
CBRE, Inc.
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Alta Convenience & Gas: Monte Vista, CO | 1331 Grande Ave
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