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Alta: Saguache, CO 315 8th St 1,290 SF Retail Building Saguache, CO 81149 $3,102,044 CAD ($2,404.69 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Operating history of over 62 years.
- 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
- Absolute NNN lease features ±15.3 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer for sale the 1,290-square-foot Alta convenience store and gas station situated on .30 acres in Saguache, CO. Alta’s absolute NNN lease features ±15.3 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
Convenience Store
Building Size
1,290 SF
Building Class
C
Year Built
1997
Price
$3,102,044 CAD
Price Per SF
$2,404.69 CAD
Cap Rate
6.75%
NOI
$209,388 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.30 AC
Parking
9 Spaces (6.98 Spaces per 1,000 SF Leased)
Frontage
199’ on 8th Street
PROPERTY TAXES
| Parcel Number | 448912116001 | Improvements Assessment | $537,872 CAD |
| Land Assessment | $13,164 CAD | Total Assessment | $551,036 CAD |
PROPERTY TAXES
Parcel Number
448912116001
Land Assessment
$13,164 CAD
Improvements Assessment
$537,872 CAD
Total Assessment
$551,036 CAD
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Ty Grenier -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
Jon Rue -
CBRE
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Alta: Saguache, CO | 315 8th St
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