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307 6th St
Las Animas, CO 81054
Family Dollar · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- National credit tenant with long-term lease and corporate guarantee
- Excess land offers future development potential for retail or multifamily
- Located in downtown Las Animas with strong highway visibility
- Recently extended lease with five renewal options and built-in rent growth
- NNN lease structure ensures minimal landlord involvement
EXECUTIVE SUMMARY
Offered exclusively by Pinnacle Real Estate Advisors, 307 6th Street in Las Animas, Colorado presents a compelling net-leased investment opportunity anchored by Family Dollar, a nationally recognized discount retailer backed by Dollar Tree, Inc. This freestanding retail asset spans 11,380 square feet on a generous 0.8-acre parcel, offering both stable income and long-term upside through excess land and flexible zoning. The tenant recently executed a five-year lease extension, reinforcing their commitment to the location and providing predictable cash flow with a current net operating income of $105,375. The lease includes five additional five-year renewal options, each with 10% rent escalations, ensuring built-in growth for investors. The NNN structure minimizes landlord responsibilities, making this a low-touch, income-generating asset. Strategically located in downtown Las Animas, the property benefits from strong visibility along a key highway corridor and serves a community with consistent demand for essential goods and services. The site’s commercial zoning and excess land offer future development potential for retail or multifamily, enhancing its long-term value proposition. This investment is ideal for buyers seeking a stabilized asset with national credit tenancy, passive income, and the flexibility to unlock future development opportunities in a growing rural market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,380 SF
Building Class
C
Year Built
1966
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
MUD
Parking
30 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 010-10246 | Improvements Assessment | $63,519 CAD |
| Land Assessment | $7,051 CAD | Total Assessment | $70,570 CAD |
PROPERTY TAXES
Parcel Number
010-10246
Land Assessment
$7,051 CAD
Improvements Assessment
$63,519 CAD
Total Assessment
$70,570 CAD
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