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40 Turner Dr
Durango, CO 81303
REI | Durango, CO · Retail Property For Sale
Investment Highlights
- REI is a prominent outdoor retail co-operative boasting a vast membership exceeding 20 million lifetime members and operating across 190 locations.
- 12% rental increases every five years across the initial term and four 5-year options provide robust income growth for investors.
- This significant investment is solidified by a comprehensive 10-year net lease agreement. This substantial lease commences July 2025.
- Located in Durango, a sought-after Mountain West destination, ideal for REI’s outdoorfocused customer base.
Property Facts
Property Type
Retail
Property Subtype
Building Size
22,000 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
2.32 AC
Parking
103 Spaces (4.68 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | R432341 | Improvements Assessment | $727,540 |
| Land Assessment | $442,820 | Total Assessment | $1,170,360 |
Property Taxes
Parcel Number
R432341
Land Assessment
$442,820
Improvements Assessment
$727,540
Total Assessment
$1,170,360
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