For Sale
$1,410,000

112 Garfield Ave Moffat, CO 81143

High-yield, NNN-leased Dollar General

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 9,100 square foot Dollar General store in Moffat, Colorado, listed at $1,410,000 with a 6.50% cap rate. The property, built in 2019, boasts a prime location at the intersection of Colorado Highway 17 and Garfield Ave, serving as the sole retail outlet for a significant radius. The absolute NNN lease, with zero landlord responsibilities, features a 15-year initial term and three 5-year renewal options, each with a 10% rent increase. The lease is corporately guaranteed by Dollar General Corporation, a Fortune 500 company (ranked 108th) with an investment-grade S&P credit rating of "BBB". This strategically positioned store benefits from high visibility and caters to a captive market, given the nearest alternative retail store is 37 miles away in Alamosa. The property's strong tenant, long-term lease, and minimal management requirements make it an attractive investment with significant potential for future growth. The asking price per square foot is $154.95. This is a low-maintenance, newly constructed building offering a secure and profitable investment opportunity. The current lease has 11 years remaining on the initial term.

Highlights

  • Absolute NNN lease with 11 years remaining plus three 5-year options.
  • Zero landlord responsibilities; tenant pays all expenses.
  • 10% rent increase every five years.
  • Low-maintenance, 2019-built property.
  • Three 5-year renewal options with 10% rent increases each.

Property Details for 112 Garfield Ave

Property type
Retail properties, Drug stores
Square Feet
9,100 SF

Location Insight

City
Moffat
County
Saguache
State
Colorado
Latitude
37.9932147
Longitude
-105.9085351

FAQs

What type of property is this?
Retail property - High-yield, NNN-leased Dollar General
Where is the retail property located?
The property is located at 112 Garfield Ave Moffat, CO.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: Absolute NNN lease with 11 years remaining plus three 5-year options.; Zero landlord responsibilities; tenant pays all expenses.; 10% rent increase every five years.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
112 Garfield Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message