Share This Listing

Message

952 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Family Dollar 307 6th St 11,380 SF Retail Building Las Animas, CO 81054 For Sale

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • National credit tenant with long-term lease and corporate guarantee
  • Excess land offers future development potential for retail or multifamily
  • Located in downtown Las Animas with strong highway visibility
  • Recently extended lease with five renewal options and built-in rent growth
  • NNN lease structure ensures minimal landlord involvement

EXECUTIVE SUMMARY

Offered exclusively by Pinnacle Real Estate Advisors, 307 6th Street in Las Animas, Colorado presents a compelling net-leased investment opportunity anchored by Family Dollar, a nationally recognized discount retailer backed by Dollar Tree, Inc. This freestanding retail asset spans 11,380 square feet on a generous 0.8-acre parcel, offering both stable income and long-term upside through excess land and flexible zoning. The tenant recently executed a five-year lease extension, reinforcing their commitment to the location and providing predictable cash flow with a current net operating income of $105,375. The lease includes five additional five-year renewal options, each with 10% rent escalations, ensuring built-in growth for investors. The NNN structure minimizes landlord responsibilities, making this a low-touch, income-generating asset. Strategically located in downtown Las Animas, the property benefits from strong visibility along a key highway corridor and serves a community with consistent demand for essential goods and services. The site’s commercial zoning and excess land offer future development potential for retail or multifamily, enhancing its long-term value proposition. This investment is ideal for buyers seeking a stabilized asset with national credit tenancy, passive income, and the flexibility to unlock future development opportunities in a growing rural market.

ATTACHMENTS

Brochure

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,380 SF
Building Class
C
Year Built
1966
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
MUD
Parking
30 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
265’ on Bent Ave

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010-10246
Land Assessment
$5,023
Improvements Assessment
$45,249
Total Assessment
$50,272
  • Listing ID: 37292813

  • Date on Market: 8/15/2025

  • Last Updated:

  • Address: 307 6th St, Las Animas, CO 81054

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}