Durango Retail for Sale
This retail property enjoys a prime strategic location on U.S. Route 160, benefiting from high visibility due to its 44,400 AADT within Durango’s bustling retail core. Its proximity to major retailers like Walmart Supercenter, Albertsons, and Home Depot consistently attracts crowds from a 5-mile population of 24,313. Furthermore, being near Fort Lewis College, with its 3,500+ students, significantly enhances REI’s appeal to a younger, outdoor-enthusiast demographic. The surrounding area boasts affluent and active demographics, with a 15-mile radius showing an average household income of $111,391, projected to grow to $129,616 by 2029, and a population of 46,111. Within a 5-mile radius, the median age of 37.5 and high engagement in outdoor activities like hiking (23.2%) and biking (12.4%) perfectly align with REI’s target market, fostering sustained retail performance from this vibrant community.
The investment is secured by a new 10-year net lease, with the landlord's responsibilities limited to the roof, structure, and parking lot. This lease includes attractive 12% rental increases every five years and offers four 5-year extension options, ensuring long-term income growth. An additional $12,288 annually from a Rivian Sublicense Agreement further enhances the property's cash flow.
REI, the robust tenant, is a leading consumer co-operative with over 20 million members and 190 stores, solidifying its position as a powerhouse in outdoor retail, recognized for its loyal customer base and strong lifestyle brand. The lease, which commenced in July 2025, provides a stable income stream from a creditworthy tenant, and REI’s commitment to this specific location underscores its significant confidence in the Durango market.
This modern 2025 construction features a 22,000 SF facility on a 2.31-acre parcel, designed to REI’s latest prototype for optimal customer experience and operational efficiency, thereby minimizing maintenance costs and boosting investor returns. With 103 parking spaces and direct access from Turner Drive, the site ensures ease of access for all customers. Durango itself serves as a year-round recreational hub, with popular attractions such as Lake Nighthorse, drawing 100,000 annual visitors, and Purgatory Resort, which consistently drives traffic. The property's advantageous proximity to CommonSpirit Mercy Hospital (82 beds) and Fort Lewis College introduces diverse traffic sources, and the area’s economic stability, evidenced by 99% employment within a 5-mile radius, strongly supports the long-term viability of this investment
