AUCTION SITE: https://rimarketplace.com/auction/2351/high-cap-rate-stnl-dollar-general-4-years-remaining-on-lease?utm_source=costar
AnchorPoint Capital, in conjunction with RI Marketplace, is pleased to offer the fee simple interest in the Dollar General located in Pueblo, Colorado. The 8,487 SF freestanding retail building is located right off of Northern Avenue and I-25, which sees ±19,000/±50,100 vehicles per day, respectively. With a corporate guaranteed lease and over 18 years of history, this exemplifies the tenant's dedication to the area and location. The initial lease commenced in May of 2007, and the tenant has exercised 4 options periods. The initial lease term was for only 7 years.
Dollar General recently exercised a 5-year option with no landlord concessions; NN+ Lease; Landlord responsibilities limited to roof & structure, expiration 5/31/2029.
Located directly across the street from Bessemer Park, this asset benefits greatly from the dense infill location, showing a population of over 110,000 residents within a 5-mile radius. With a solid customer base established in a growing neighborhood area, this property makes it an attractive and desirable investment for retail in Pueblo.
https://rimarketplace.com/auction/2351/high-cap-rate-stnl-dollar-general-4-years-remaining-on-lease?utm_source=costar