714-264-2454
1245 Spruce St, Pueblo, CO for Sale
Storefront - FOR SALE
1/9
null | Request Cap Rate

1245 Spruce St
Pueblo, CO 81004


HIGHLIGHTS

  • 18 Years of Operating History at this Location
  • Two (2) Five-Year Options at Rare 10% Increases (Previously Exercised 4 Option Periods)
  • Oversized Lot with Significant Parking
  • Daily Traffic Counts Exceeding 19K VPD
  • Home of Colorado State University Pueblo, CO, Located 40 miles South of Colorado Springs and 110 miles south of Denver

OVERVIEW

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

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

R4

APN/PARCEL ID

1-5-01-3-17-018

ASK ABOUT THIS PROPERTY

Ned SkinnerAnchor Point Capital, IncMore Info
714-264-2454

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Ned SkinnerAnchor Point Capital, IncMore Info
714-264-2454

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