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600 Airport Rd 4,439 SF Retail Building Rifle, CO 81650 $3,625,000 ($816.63/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Conveniently located along Interstate 70 in a major retail corridor
- Location has been ranked among the Top 50 Culver's nationwide for operator performance
- Benefits from CDOT wayfinding signage off Exit 90 of Interstate 70
- Lease in place through 2035 with 2 options of 10 years each
- Located at the signalized intersection
EXECUTIVE SUMMARY
Impact Commercial Real Estate and Quiver Investments, LLC are pleased to exclusively market for sale a single tenant net leased Culver’s positioned along I-70 in Rifle, Colorado. The property was built in 2020 with a long-term lease running through 2035. The lease features 10% rental escalations every five years throughout the primary terms and 2 options of 10 years each. This 4,439 square-foot building is strategically located at the signalized intersection of Airport Road and Megan Ave, which is just off of Exit 90 for I-70 and with frontage along Airport Road which accesses the nearby regional airport and Colorado Mountain College.
Nearby businesses include Walmart, Starbucks, McDonald’s, Arby’s, Hampton Inn, LaQuinta Inn, Sonic, O’Reilly’s, Maverik, Auto Zone, Taco Bell, and many others. The location caters to a diverse customer base including not only the local population, but also the significant amount of visitor traffic along the busy Interstate 70 corridor, nearby new construction gas station and the surrounding hotels.
Nearby businesses include Walmart, Starbucks, McDonald’s, Arby’s, Hampton Inn, LaQuinta Inn, Sonic, O’Reilly’s, Maverik, Auto Zone, Taco Bell, and many others. The location caters to a diverse customer base including not only the local population, but also the significant amount of visitor traffic along the busy Interstate 70 corridor, nearby new construction gas station and the surrounding hotels.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
4,439 SF
Building Class
C
Year Built
2020
Price
$3,625,000
Price Per SF
$816.63
Cap Rate
6.75%
NOI
$244,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.29 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R084445 | Improvements Assessment | $585,690 |
| Land Assessment | $236,800 | Total Assessment | $822,490 |
PROPERTY TAXES
Parcel Number
R084445
Land Assessment
$236,800
Improvements Assessment
$585,690
Total Assessment
$822,490
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600 Airport Rd
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