112 Garfield Ave - Freestanding FOR SALE


Moffat, CO 81143
$1,310,000 USD
513-300-0763
112 Garfield Ave, Moffat, CO for Sale
$1,310,000 USD
Freestanding - FOR SALE
1/1
null | 7% Cap Rate

112 Garfield Ave
Moffat, CO 81143


OVERVIEW

We are pleased to present Dollar General in Moffat, Colorado. The building was constructed in 2019 and is leased by Dollar General under a 15 year initial lease term. The lease contains three - 5 year options to renew, each with a 10% rental rate increase. Dollar General executed an absolute NNN lease with zero management responsibilities. The lease is corporately guaranteed by Dollar General Corporation with a credit rating from S&P of "BBB" which is classified as investment grade. Strategically positioned at the junction of Colorado Highway 17 and Garfield Ave, the store enjoys prominent visibility and is pivotal in serving the local community—it's the sole retail outlet for residents, with the nearest alternative retail store located 37 miles South in Alamosa, Colorado. Dollar General is a Fortune 500 company, currently ranked 108th, and has seen its store count surge in the last twenty years. The company has identified small towns and rural areas as key for growth, making the Moffat store perfectly aligned with their strategic expansion plans, given its unique position as the only retail provider in this captive trade area.

FOR SALE DETAILS

PRICE

$1,310,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

C

APN/PARCEL ID

460106421003

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.