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600 E 4th Ave
Durango, CO 81301
Exxon · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Approximately 16 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
- Excellent Demographics Showing Population Growth and a Strong Average Household Income of Over $110,504 Within a 3-Mile Radius of the Property
- Site Has 4 MPDs and Ample Parking Space
- Lease Features Attractive 3% Annual Rent Bumps and 4 x 5 Year Options
- Store is Strategically Located on a Hard Corner of an Intersection With Multiple Points of Ingress/Egress
- Gas Stations Offer Increased Depreciation Expenses Benefits *Consult Your CPA
EXECUTIVE SUMMARY
We Are Pleased to Present Exclusively For Sale the 1,932 SF Marathon Located at 600 East 4th Avenue in Durango, CO. This Deal Includes an Absolute Triple Net (NNN) Lease With 16 Years Remaining and Zero Landlord Responsibilities With Attractive Rent Increases, Providing For a Secure Investment.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
1,932 SF
Building Class
C
Year Built
1965
Price
$3,005,229 CAD
Price Per SF
$1,555.50 CAD
Cap Rate
7%
NOI
$210,366 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.34 AC
Opportunity Zone
Yes
Parking
15 Spaces (7.76 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | R001537 | Improvements Assessment | $462,686 CAD |
| Land Assessment | $194,356 CAD | Total Assessment | $657,042 CAD |
PROPERTY TAXES
Parcel Number
R001537
Land Assessment
$194,356 CAD
Improvements Assessment
$462,686 CAD
Total Assessment
$657,042 CAD
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