Listed by SRS Real Estate Partners Newport Beach
$2,600,000
Fruita, CO - City Market Fuel Station
Details
APN 2697-172-17-024
Property Type Retail
Sub Type Gas Station
Square Footage 22,847
Cap Rate 5%
NOI $130,000
Tenancy Single
Brand/Tenant Credit Rated
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/30/2045
Remaining Term 19.5
Rent Bumps Yes
Lease Options 8 (5-year)
Year Built 2025
Acreage 0.520
Zoning Downtown
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 12/01/2025
Ground Lease Yes
Ownership Leased Fee (Land Ownership)
Retail | 4.75% CAP | 22,847 SqFt
Marketing description
Tenant recently executed a brand new 20-year lease with 8 (5-year) options to extend, demonstrating their commitment to the site. Beginning in Dec. 2035, the lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The building features state-of-the-art, brand new construction.
Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises. No landlord responsibilities - Ground Lease. Ideal, management-free investment for a passive investor.
Signalized, hard corner intersection, with excellent visibility and access.
Investment highlights
- 20 Years Remaining | Investment Grade (S&P BBB) | Scheduled Rental Increases | Brand New Construction
- Tenant recently executed a brand new 20-year lease with 8 (5-year) options to extend, demonstrating their commitment to the site
- Beginning in Dec. 2035, the lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
- The building features state-of-the-art, brand new construction
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
- No landlord responsibilities - Ground Lease
- Ideal, management-free investment for a passive investor
- Across From City Market Grocery (1.2M+ Annual Visitors) | #7 City Market Grocery in Country Nationwide
- Signalized, hard corner intersection, with excellent visibility and access
- Nearby City Market anchored center averaging over 1.2M visits annually and is the #7 City Market grocer ($1.2M+ visitors per Placer.ai)
- Nearby national/credit tenants include Ace Hardware, O'Reilly Auto Parts, Starbucks, McDonald's, and more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover exposure for the site
- Demographics in 5-Mile Trade Area | Six Figure Incomes | Future Residential Development
- More than 19,000 residents support the trade area
- Affluent $106,783 average household income
- Across from future residential development (3 Apartment Buildings & 16 Townhomes), providing a direct consumer base from which to draw
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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