112 Garfield AveMoffat, CO 81143

For Sale
$1,410,000

High-yield, NNN-leased Dollar General

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 9,100 square foot Dollar General store in Moffat, Colorado, listed at $1,410,000 with a 6.50% cap rate. The property, built in 2019, boasts a prime location at the intersection of Colorado Highway 17 and Garfield Ave, serving as the sole retail outlet for a significant radius. The absolute NNN lease, with zero landlord responsibilities, features a 15-year initial term and three 5-year renewal options, each with a 10% rent increase. The lease is corporately guaranteed by Dollar General Corporation, a Fortune 500 company (ranked 108th) with an investment-grade S&P credit rating of "BBB". This strategically positioned store benefits from high visibility and caters to a captive market, given the nearest alternative retail store is 37 miles away in Alamosa. The property's strong tenant, long-term lease, and minimal management requirements make it an attractive investment with significant potential for future growth. The asking price per square foot is $154.95. This is a low-maintenance, newly constructed building offering a secure and profitable investment opportunity. The current lease has 11 years remaining on the initial term.

Highlights

  • Absolute NNN lease with 11 years remaining plus three 5-year options.
  • Zero landlord responsibilities; tenant pays all expenses.
  • 10% rent increase every five years.
  • Low-maintenance, 2019-built property.
  • Three 5-year renewal options with 10% rent increases each.

Location Insight

City
Moffat
County
Saguache
State
Colorado
Latitude
37.9932147
Longitude
-105.9085351
112 Garfield Ave, Moffat, Colorado

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112 Garfield Ave
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