Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Fort Collins
$1,994,970
Alta: Trinidad, CO
Details
Property Type Retail
Sub Type Gas Station
Square Footage 2,907
Net Rentable (SqFt) 2,907
Units 1
Cap Rate 6.75%
NOI $134,667
Occupancy 100%
Tenancy Single
Brand/Tenant Alta
Lease Type Absolute NNN
Lease Expiration 01/31/2041
Remaining Term 14.6
Rent Bumps Yes
Lease Options Four 5-year options
Price per SqFt $686
Year Built 1991
Buildings 1
Acreage 0.380
Parking Spaces 7 spaces
Parking Per SqFt 2.41
Investment Type Net Lease
Alta Convenience Store & Conoco Gas Station
Marketing description
CBRE is pleased to exclusively offer for sale the 2,907-square-foot Alta convenience store and gas station situated on 0.38 acres in Trinidad, CO. Alta’s absolute NNN lease features ±14.8 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
Business is not for sale.
Investment highlights
- ATTRACTIVE LEASE WITH NO LANDLORD OBLIGATIONS: The absolute NNN lease features ±14.8 years remaining and zero landlord obligations as Tenant is solely responsible for taxes, insurance and maintenance.
- RENT INCREASES DURING TERM & OPTIONS: 7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options.
- LONG-TERM OPERATING HISTORY: Operating history of over 30 years.
Listing Contacts
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE - Fort Collins
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,667.00
$11,222.25/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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