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Alta: Penrose, CO 916 State Highway 115 18,870 SF Retail Building Penrose, CO 81240 $5,413,774 CAD ($286.90 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Operating history of over 50 years.
- Absolute NNN lease features ±15.3 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 18,870-square-foot Alta convenience store and gas station situated on 8.13 acres in Penrose, 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
Service Station
Building Size
18,870 SF
Building Class
C
Year Built
1975
Price
$5,413,774 CAD
Price Per SF
$286.90 CAD
Cap Rate
6.75%
NOI
$365,430 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
8.13 AC
Parking
21 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
365’ on Colorado 115
PROPERTY TAXES
| Parcel Number | 000069003910 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $291,663 CAD |
PROPERTY TAXES
Parcel Number
000069003910
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$291,663 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: Penrose, CO | 916 State Highway 115
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