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Alta Convenience & Gas: Monte Vista, CO 1331 Grande Ave 2,218 SF Retail Building Monte Vista, CO 81144 $2,339,249 CAD ($1,054.67 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN lease features ±15.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
- Operating history of over 27 years.
- 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 2,218-square-foot Alta convenience store and gas station situated on 0.48 acres in Monte Vista, CO. Alta’s absolute NNN lease features ±15.5 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
Service Station
Building Size
2,218 SF
Building Class
C
Year Built
1998
Price
$2,339,249 CAD
Price Per SF
$1,054.67 CAD
Cap Rate
6.75%
NOI
$157,899 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
01
Frontage
174’ on Grand Avenue
PROPERTY TAXES
| Parcel Number | 3531320006 | Improvements Assessment | $115,325 CAD |
| Land Assessment | $29,729 CAD | Total Assessment | $145,055 CAD |
PROPERTY TAXES
Parcel Number
3531320006
Land Assessment
$29,729 CAD
Improvements Assessment
$115,325 CAD
Total Assessment
$145,055 CAD
CONTACTS
-
Christopher Bosworth -
Thomas Carr -
Ty Grenier -
Brian Pfohl -
Jon Rue -
Leah Lindell -
Kaitlyn Wolf -
CBRE, Inc.
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Alta Convenience & Gas: Monte Vista, CO | 1331 Grande Ave
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