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City Market Fuel Station | 20yr Abs NNN Grd 437 W Aspen Ave 1,020 SF Retail Building Fruita, CO 81521 $3,790,718 CAD ($3,716.39 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 NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Service Station
Building Size
1,020 SF
Building Class
B
Year Built
2025
Price
$3,790,718 CAD
Price Per SF
$3,716.39 CAD
Cap Rate
4.75%
NOI
$180,049 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.52 AC
Zoning
Downtown
Amenities
- Signage
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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