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140 Country Center Dr 9,330 SF 100% Leased Retail Building Pagosa Springs, CO 81147 $1,150,000 ($123.26/SF) 7.25% Cap Rate
EXECUTIVE SUMMARY
140 Country Center Drive is a prime commercial asset in the heart of uptown Pagosa Springs, strategically positioned alonghighly visible U.S. Highway 160 and sharing a parking lot with the area’s busiest retail anchor, City Market. With 4operational units, this premier location ensures consistent traffic, strong tenant demand, and long-term stability. With zerovacancy over the past two years, the building, constructed in 1997 and spanning 7,448 heated square feet, is home tonationally recognized tenants, including Subway (in place since 1997 with 5% annual rent escalations) and Russell Cellular(Verizon, estimated since 2012). All tenants are current with no delinquencies, and major TI renovations to the largest unitcompleted in 2023 significantly reduce near-term capital needs. With simple management requirements — limited to trashand water — and a proven income track record, this property offers a stable, turnkey investment in one of Pagosa Springs’most desirable and high-traffic commercial locations. An Offering Memorandum will be provided to qualified buyers.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,330 SF
Building Class
C
Year Built
1997
Price
$1,150,000
Price Per SF
$123.26
Cap Rate
7.25%
NOI
$83,375
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
0.79 AC
Zoning
MIXED-USE
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 569920120010 | Improvements Assessment | $228,840 |
| Land Assessment | $54,840 | Total Assessment | $283,680 |
PROPERTY TAXES
Parcel Number
569920120010
Land Assessment
$54,840
Improvements Assessment
$228,840
Total Assessment
$283,680
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140 Country Center Dr
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