710 Wapiti Ave
Rifle, CO 81650
Aaron's & AutoZone · Retail Property For Sale

The subject offering is a 15,846-square foot multi-tenant property that is 100 percent occupied by two national tenants. Aaron’s is a franchise guarantee; sale-leaseback and the lease will run 10 years from the close of escrow. Both Aaron’s & AutoZone feature four, five-year renewal options. Aaron’s has 10 percent rent bumps in each renewal period and AutoZone has 10 percent bumps every five years in both base term and option periods. Aaron’s & AutoZone are conveniently located off of Interstate 70, the major roadway which runs through the area and connects Rifle to Denver, the capital of Colorado. Colorado is in the top ten fastest growing states. Over 60,000 individuals reside within the growing trade area and retail hub which serves several surrounding cities. Major national retailers in the area include Walmart Supercenter, Mattress Firm, Rent-A-Center, McDonald’s, Sonic Drive-in, Starbucks, Taco Bell and many more. The property benefits from its location; across from Grand River Hospital which just underwent an $18 million expansion. It is strategically positioned just three miles from Colorado Mountain College which has over 6,000 students and within four miles of Garfield County Regional Airport. AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the United States. AutoZone has 5,226 Stores in 50 States plus the District of Columbia and Puerto Rico, and 458 Stores in Mexico. Smith Group, Aaron’s franchisee, operates 10 Aaron’s locations in four states, as well as four tire stores. Aaron’s is North America’s leader in the sales and lease ownership of household necessities. Aaron’s has more than 1,860 company-operated and franchised stores in 47 States and Canada. This information has been secured from sources we believe to be reliable, but we make no representations.