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Alta: Del Norte, CO 805 Grand Ave 3,684 SF 100% Leased Retail Building Del Norte, CO 81132 $2,400,000 ($651.47/SF) 6.25% Cap Rate
Investment Highlights
- Operating history of over 36 years.
- Absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
- 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
Executive Summary
CBRE is pleased to exclusively offer for sale the 3,684-square-foot Alta convenience store and gas station situated on 0.46 acres in Del Norte, CO. Alta’s absolute NNN lease features ±14.5 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
Building Size
3,684 SF
Building Class
C
Year Built
1990
Price
$2,400,000
Price Per SF
$651.47
Cap Rate
6.25%
NOI
$150,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.46 AC
Zoning
01
Parking
6 Spaces (1.63 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1531007010 | Improvements Assessment | $133,822 |
| Land Assessment | $52,915 | Total Assessment | $186,737 |
Property Taxes
Parcel Number
1531007010
Land Assessment
$52,915
Improvements Assessment
$133,822
Total Assessment
$186,737
Contacts
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Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Jon Rue -
Leah Lindell -
Abby Kelly -
CBRE
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