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226 E Main St 11,050 SF Retail Building Rangely, CO 81648 $3,600,974 CAD ($325.88 CAD/SF) 4.37% Cap Rate
Investment Highlights
- Expanding area in NorthwesternColorado
- Hospital in close proximity
- Mesa University to buy local junior college
Executive Summary
Lease expires September 2035
Corporate-guaranteed lease with Dollar General Corporation, investment-grade tenant
15-year initial term with three 5-year renewal options, commenced October 2020
Absolute NNN lease structure with zero landlord responsibilities.
Positioned in a regional trade area with limited discount retail competition
Sits on 1.88 AC
Corporate-guaranteed lease with Dollar General Corporation, investment-grade tenant
15-year initial term with three 5-year renewal options, commenced October 2020
Absolute NNN lease structure with zero landlord responsibilities.
Positioned in a regional trade area with limited discount retail competition
Sits on 1.88 AC
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
11,050 SF
Building Class
B
Year Built
2020
Price
$3,600,974 CAD
Price Per SF
$325.88 CAD
Cap Rate
4.37%
NOI
$157,363 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.50 AC
Zoning
C
Parking
30 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
209’ on E Main St
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 139302501001 | Improvements Assessment | $452,684 CAD |
| Land Assessment | $38,163 CAD | Total Assessment | $490,847 CAD |
Property Taxes
Parcel Number
139302501001
Land Assessment
$38,163 CAD
Improvements Assessment
$452,684 CAD
Total Assessment
$490,847 CAD
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226 E Main St
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