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Family Dollar 307 6th St 11,380 SF Retail Building Las Animas, CO 81054 For Sale
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.
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Family Dollar began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 010-10246 | Improvements Assessment | $45,249 |
| Land Assessment | $5,023 | Total Assessment | $50,272 |
Property Taxes
Parcel Number
010-10246
Land Assessment
$5,023
Improvements Assessment
$45,249
Total Assessment
$50,272
Contacts
-
Dallas Sandberg -
Corey Sandberg -
Keith Lenz -
Morgan Wheeler -
Pinnacle Real Estate Advisors
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Family Dollar | 307 6th St
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