217 Spruce St - Freestanding FOR SALE
La Jara, CO 81140 |
$899,000 USD
951-764-3744
217 Spruce St
La Jara, CO 81140
HIGHLIGHTS
- Family Dollar with historical occupancy, commitment to the site, and a lease through December 2025 with two five-year options remaining.
- Site benefits from its location in downtown La Jara with frontage on Spruce Street, which sees over 6,200 vehicles per day.
- In-place tenant allows for an easy, hands-off investment with increased incomes scheduled at the next renewal.
- Population in a 10-mile radius of the Family Dollar has a noteworthy spending power of over $59.1 million per year.
- Situated in an established community with a majority of owner-occupied households within a 5-mile radius.
OVERVIEW
Family Dollar located at 217 Spruce Street, La Jara CO, features 9,180 square foot Family Dollar located on large 45,000 sf parcel. Family Dollar has occupied location since 2005, exercised two (5) year options with two (5) year options remaining. Lease expires December 31, 2025. Conveniently located off of HWY 285 approximately 6,200 VPD. Tenant Credit: Investment Grade Credit Tenant: S&P: BBB Lease structure offers landlord minimal responsibilities.
Broker of Record Brian Brockman
License #: ER.100075683
Bang realty-Colorado, Inc
513-898-1551
FOR SALE DETAILS
PRICE
$899,000 USD
PRICE/SF
$98 USD /SF
CAP RATE
9.76%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar | High NOI 9.76% Cap
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
Commercial
APN/PARCEL ID
572114316001
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951-764-3744
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951-764-3744
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