Listed by Marcus & Millichap - Denver
$2,900,000
La Veta Country Store
Details
Property Type Retail
Sub Type Gas Station, Convenience Store
Square Footage 3,652
Pumps 8
Cap Rate 8.00%
NOI $232,000
Occupancy 100%
Tenancy Single
Brand/Tenant Valero
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 4 X 5-Year
Price per SqFt $794
Year Built 1985
Year Renovated 2024
Acreage 0.920
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
20-Year ABS NNN - Valero & C-Store
Investment highlights
Highway 12 frontage — directly on the Highway of Legends National Scenic Byway, an 82-mile designated America's Byway connecting Walsenburg to Trinidad. Heavy seasonal tourism traffic.
Gateway position — first/last fuel stop entering or leaving La Veta from the north, at the base of the Spanish Peaks.
Tourism catchment — captures travelers heading to Cuchara ski/recreation area, San Isabel National Forest, Cuchara Mountain Park, Lathrop State Park, and the Trans America Trail.
Diesel demand — ranching corridor and through-travelers (RVs, trucks) support diesel volume year-round.
Limited competition — La Veta has only three gas stations serving the entire Cuchara Valley tourist corridor.
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$232,000.00
$19,333.33/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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