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