FAMILY DOLLAR

131 E Main St, Naturita, CO 81422
$1,146,293

Cap Rate
7.50%
Leasable Area
8,412 SF
Term Remaining
±5 YRS
NOI
$81,105
Property Type
Retail

INVESTMENT HIGHLIGHTS

  • 2014 Built-to-Suit for Family Dollar
  • Extremely RARE ABS NNN Lease with Zero Landlord Responsibilities
  • CPI based increases every 3 years (6% max) an excellent hedge against inflation
  • Located on Hwy 141, a main artery though CO into Utah
  • Limited Competition- the subject property is the only dollar store in Naturita
  • Strong corporately guaranteed lease
  • Six, five year options, all of which include the CPI increase
  • Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second-largest discount retailer in the United States with more than 16,000 locations
  • Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability
  • Investment Grade Credit Tenant – S&P Rated BB

Broker of Record

  • Kyle Matthews
  • License No. EC.100099522 (CO)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203