Listed by Bang Realty
$1,726,101
Dollar General - Palisades CO
Details
APN 2937-093-41-002
Property Type Retail
Sub Type Convenience Store
Square Footage 9,240
Cap Rate 7.60%
NOI $131,184
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 04/30/2028
Rent Bumps Yes
Lease Options 3 - 5 Year
Year Built 2013
Acreage 1.190
Parking Spaces 37 spaces
Parking per 1,000 SqFt 4.00
Investment Type Net Lease
Tenant Credit Credit Rated
Ownership Fee Simple
Retail | 7.60% CAP | 9,240 SqFt
Marketing description
Known as the "Peach Capital of Colorado," Palisade is located north of the Colorado River near Grand Junction. With a climate that yields a 182-day growing season, Palisade is renowned for its agriculture and has more than two dozen orchards and fruit farms, as well as 30 wineries. The town offers year-round recreational opportunities including skiing, hiking, biking, and rafting, as well as a walkable downtown with numerous shops and restaurants.
Investment highlights
- 1.75 Years of Guaranteed Lease Term (Lease Exp: 04/30/2028)
- 2013 Construction | Build-to-Suit Dollar General
- 9,240 SF Building on 1.19 Acre Parcel
- Three (3) - Five (5) Year Option Periods with 10% Rental Increases
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
- Brick & Stucco Exterior
- Monument Signage
- US 6/Elberta Avenue Intersection (0.1 Miles from Subject Property) Currently Being Improved
- The Intersection Being Reconstructed Into a Concrete Modern Roundabout
- Project Benefits: Improve Safety and Operational Concerns with the Existing Configuration of US 6 and Elberta Ave, Improve Traffic Flow, Significantly Reduce Intersection Wait Times, Increase Safety, Reduce Crashes by Eliminating Left Turns Across Traffic
- Work is Expected to Be Completed Late 2026
- Construction Cost Estimated At $7.1 Million
- Grand Junction, CO | 12 Miles
- Montrose, CO | 66 Miles
- Aspen, CO | 117 Miles
- Denver, CO | 232 Miles
- Boulder, CO | 244 Miles
- Fort Collins, CO | 293 MIles
- Salt Lake City, UT | 294 Miles
- Colorado Springs, CO | 299 Miles
- 1-Mile: 2,817 Residents | $103,409 Average Household Income
- 3-Mile: 4,908 Residents | $111,801 Average Household Income
- 5-Mile: 9,218 Residents | $102,198 Average Household Income
- 7-Mile: 31,355 Residents | $89,140 Average Household Income
- 10-Mile: 72,404 Residents | $90,735 Average Household Income
- 15-Mile: 127,007 Residents | $96,769 Average Household Income
- Dollar General Corporation (NYSE: "DG")
- Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
- Ranked #112 on the Fortune 500 List (2025)
- 21,055 Stores in 48 States
Listing Contacts
Listed by Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$131,183.64
$10,931.97/mo
Valuation Metrics
0
DSCR
7.6%
Cap Rate
7.6%
ROI
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