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City Market Fuel Station | 20yr Abs NNN Grd 437 W Aspen Ave 22,847 SF Retail Building Fruita, CO 81521 $3,807,961 CAD ($166.67 CAD/SF) 4.75% Cap Rate
Investment Highlights
- 20 Years Remaining | Investment Grade (S&P BBB) | Scheduled Rental Increases | Brand New Construction
- Across From City Market Grocery (1.2M+ Annual Visitors) |#7 City Market Grocery in Country Nationwide
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Demographics in 5-Mile Trade Area | Six Figure Incomes |Future Residential Development
Executive Summary
• Tenant recently executed a brand new 20-year lease with 8 (5-year) options to extend, demonstrating their commitment to the site
• Beginning in Dec. 2035, the lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
• The building features state-of-the-art, brand new construction
• Beginning in Dec. 2035, the lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
• The building features state-of-the-art, brand new construction
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
22,847 SF
Year Built
2025
Price
$3,807,961 CAD
Price Per SF
$166.67 CAD
Cap Rate
4.75%
NOI
$180,868 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.01
Lot Size
0.52 AC
Zoning
Downtown
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- City Market Fuel Station
- Mining, Quarrying, and Oil and Gas Extraction
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| City Market Fuel Station | Mining, Quarrying, and Oil and Gas Extraction | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2697-172-17-024 | Improvements Assessment | $45,551 CAD |
| Land Assessment | $34,365 CAD | Total Assessment | $79,916 CAD |
Property Taxes
Parcel Number
2697-172-17-024
Land Assessment
$34,365 CAD
Improvements Assessment
$45,551 CAD
Total Assessment
$79,916 CAD
Contacts
-
John Redfield -
Dane Fernandez -
Matthew Mousavi -
Patrick Luther -
Joe Chichester -
Kyle Zimmer -
SRS Real Estate Partners
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Photos
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City Market Fuel Station | 20yr Abs NNN Grd | 437 W Aspen Ave
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