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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30023737
30023736

817 S Interocean Ave, Holyoke, CO 80734

JB
TX 688810
Matthews
KM
NE 20170883
Matthews
MW
TX #813709
Matthews
Listed by Matthews
$1,586,666
98 days on market
Updated 73 days ago
Opportunity zone

Family Dollar | 9.00% Cap | Colorado

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 10,500
Cap Rate 9%
NOI $142,800
Occupancy 100%
Tenancy Single
Brand/Tenant Family Dollar, Dollar Store
Lease Type NN+
Lease Term 10
Lease Expiration 04/30/2034
Remaining Term 7.9
Rent Bumps Yes
Lease Options Four, 5-Year Options
Year Built 2023
Buildings 1
Stories 1
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/30/2024
Ownership Fee Simple

±8.25 Years Remaining | 2023 Construction

Investment highlights

Investment highlights

Lease & Location

• Extremely attractive 9% cap rate for a stabilized investment

• 2023 build-to-suit construction for Family Dollar

• ±8.25 years remaining on an initial 10-year lease

• Corporately guaranteed lease

• Rent increases of $5,250 ($0.50/SF) in all four, 5-year options

• Average household income of $82,563 annually

• Holyoke is located 170 miles east of Denver

Tenant Highlights

• In 2025 Family Dollar was acquired by private equity investors (Brigade Capital Management, Macellum Capital Management, and partners) in a definitive transaction (~$1.0B) aimed at revitalizing the brand as a standalone retailer, distinct from Dollar Tree’s strategy. The new owners are focused on operational turnaround, brand investment, and tighter portfolio optimization.

• Now operating as an independent company, Family Dollar benefits from both fresh capital and significant retail expertise. This backing is expected to accelerate store upgrades and drive operational improvements. With its proven value-focused model and strong presence in local communities, Family Dollar continues to serve as a resilient tenant, positioned for sustained growth in the years ahead.

• With roughly 7,000+ locations across the U.S., Family Dollar delivers widespread physical access to core grocery and household categories. Its neighborhood-centric footprint positions it as a convenient, quick-trip destination for budget-minded consumers.

Listing Contacts

JB
TX 688810
Matthews
KM
NE 20170883
Matthews
MW
TX #813709
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,800.00
$11,900.00/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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Additional Information

Name
Brayden Conner
License
ER.100106933, EC.100099522 (CO)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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