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Alta: Del Norte, CO 805 Grand Ave 3,684 SF 100% Leased Retail Building Del Norte, CO 81132 $3,345,792 CAD ($908.20 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Operating history of over 36 years.
- Absolute NNN lease features ±14.5 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
- 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
Executive Summary
CBRE is pleased to exclusively offer for sale the 3,684-square-foot Alta convenience store and gas station situated on 0.46 acres in Del Norte, CO. Alta’s absolute NNN lease features ±14.5 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
Building Size
3,684 SF
Building Class
C
Year Built
1990
Price
$3,345,792 CAD
Price Per SF
$908.20 CAD
Cap Rate
6.25%
NOI
$209,112 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.46 AC
Zoning
01
Parking
6 Spaces (1.63 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1531007010 | Improvements Assessment | $186,695 CAD |
| Land Assessment | $73,822 CAD | Total Assessment | $260,517 CAD |
Property Taxes
Parcel Number
1531007010
Land Assessment
$73,822 CAD
Improvements Assessment
$186,695 CAD
Total Assessment
$260,517 CAD
Contacts
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Jon Rue -
Leah Lindell -
Abby Kelly -
CBRE
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Alta: Del Norte, CO | 805 Grand Ave
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