131 Main StNaturita, CO 81422

For Sale
$1,146,293

Family Dollar NNN Lease, 7.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a single-tenant, absolute triple-net (NNN) leased property occupied by a Family Dollar store in Naturita, Colorado. The 2014-built, 100% occupied building boasts a strong corporate guarantee from Dollar Tree, Inc. (which acquired Family Dollar in 2015), a credit-rated investment-grade tenant. The lease, commencing July 31, 2014, and expiring June 29, 2029, has a remaining term of five years, with six, five-year renewal options. Rent increases are tied to the Consumer Price Index (CPI), capped at 6% every three years, providing excellent inflation protection. The property generates a substantial net operating income (NOI) of $85,972, resulting in an attractive 7.50% capitalization rate. Strategically located on Highway 141, a major thoroughfare connecting Colorado and Utah, the property benefits from high visibility and limited competition as the only dollar store in Naturita. The asking price is $1,146,293. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment with a highly creditworthy tenant and significant upside potential.

Highlights

  • Family Dollar built-to-suit, single-tenant NNN property.
  • Absolute NNN lease with zero landlord responsibilities.
  • CPI-based rent increases (max 6% every 3 years).
  • High-visibility location on Highway 141, connecting Colorado and Utah.
  • Only dollar store in Naturita, limiting competition.
  • Strong corporate guarantee from investment-grade tenant, Dollar Tree (S&P rated BBB).

Property Details for 131 Main St

Property type
Other retail properties, Individual retail properties
Year Built
2014

Location Insight

City
Naturita
County
Montrose
State
Colorado
Latitude
38.21667364995
Longitude
-108.56664849635
131 Main St, Naturita, Colorado

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131 Main St
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