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Alta: Trinidad, CO 305 State St 2,907 SF Retail Building Trinidad, CO 81082 $1,994,970 ($686.26/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Operating history of over 34 years.
- Absolute NNN lease features ±15.3 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
- 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 2,907-square-foot Alta convenience store and gas station situated on 0.38 acres in Trinidad, CO. Alta’s absolute NNN lease features ±15.3 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
Convenience Store
Building Size
2,907 SF
Building Class
C
Year Built
1991
Price
$1,994,970
Price Per SF
$686.26
Cap Rate
6.75%
NOI
$134,660
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.38 AC
Opportunity Zone
Yes
Parking
6 Spaces (2.06 Spaces per 1,000 SF Leased)
Frontage
63’ on State St
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10422710 | Improvements Assessment | $236,090 |
| Land Assessment | $32,570 | Total Assessment | $268,660 |
PROPERTY TAXES
Parcel Number
10422710
Land Assessment
$32,570
Improvements Assessment
$236,090
Total Assessment
$268,660
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
Jon Rue -
Ty Grenier -
CBRE
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Alta: Trinidad, CO | 305 State St
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