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Alta: Saguache, CO 315 8th St 1,290 SF Retail Building Saguache, CO 81149 $2,222,222 ($1,722.65/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Operating history of over 62 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 1,290-square-foot Alta convenience store and gas station situated on .30 acres in Saguache, 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
1,290 SF
Building Class
C
Year Built
1997
Price
$2,222,222
Price Per SF
$1,722.65
Cap Rate
6.75%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.30 AC
Parking
9 Spaces (6.98 Spaces per 1,000 SF Leased)
Frontage
199’ on 8th Street
PROPERTY TAXES
| Parcel Number | 448912116001 | Improvements Assessment | $383,004 |
| Land Assessment | $9,374 | Total Assessment | $392,378 |
PROPERTY TAXES
Parcel Number
448912116001
Land Assessment
$9,374
Improvements Assessment
$383,004
Total Assessment
$392,378
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: Saguache, CO | 315 8th St
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