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Alta: Salida, CO (W. Rainbow Boulevard) 310 W Rainbow Blvd 2,440 SF Retail Building Salida, CO 81201 $2,148,148 ($880.39/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Operating history of over 40 years.
- 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
- Absolute NNN lease features ±15.3 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer for sale the 2,440-square-foot Alta convenience store and gas station situated on 0.70 acres in Salida, 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
Service Station
Building Size
2,440 SF
Building Class
C
Year Built
1985
Price
$2,148,148
Price Per SF
$880.39
Cap Rate
6.75%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.70 AC
Zoning
C2
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R380706400022 | Improvements Assessment | $267,730 |
| Land Assessment | $130,120 | Total Assessment | $397,850 |
PROPERTY TAXES
Parcel Number
R380706400022
Land Assessment
$130,120
Improvements Assessment
$267,730
Total Assessment
$397,850
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Ty Grenier -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
Jon Rue -
CBRE
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Alta: Salida, CO (W. Rainbow Boulevard) | 310 W Rainbow Blvd
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