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6904 W 10th St 2,060 SF Retail Building Greeley, CO 80634 $2,200,000 ($1,067.96/SF) 4.64% Cap Rate
INVESTMENT HIGHLIGHTS
- Additional Income from Mineral Rights
- Corporate Guarantee by Wireless Communications, Inc (dba Cellular Plus)
- Extra land to potentially develop
- 6% Rent Increase at the beginning of Year 6.
- 60+ Locations in 5 States
EXECUTIVE SUMMARY
Unique Properties, Inc is pleased to present to qualified investors the opportunity to purchase a Verizon Wireless store in Greeley, Colorado. The lease commenced September 1st, 2020 and was a 10 year initial term. The lease is guaranteed by Wireless Communications Inc dba Cellular Plus. Cellular Plus has 60 locations throughout 5 states in the county. This is a value-add opportunity with the additional land to develop on. Currently, only half of the property is being utilized. With the addition of another building, an investor could significantly increase the NOI of the property and capitalize on their investment when they sell the Property. This is fantastic opportunity to own a partially developed pad site in one of the most desirable shopping centers in town.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,060 SF
Building Class
B
Year Built
2017
Price
$2,200,000
Price Per SF
$1,067.96
Cap Rate
4.64%
NOI
$102,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.88 AC
Zoning
C-H - Commercial High Intensity
Parking
18 Spaces (8.73 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R8944101 | Improvements Assessment | $152,140 |
| Land Assessment | $181,580 | Total Assessment | $333,720 |
PROPERTY TAXES
Parcel Number
R8944101
Land Assessment
$181,580
Improvements Assessment
$152,140
Total Assessment
$333,720
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6904 W 10th St
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