For Sale
$1,146,293

131 Main St Naturita, CO 81422

Family Dollar NNN Lease, 7.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a single-tenant, absolute triple-net (NNN) leased property occupied by a Family Dollar store in Naturita, Colorado. The 2014-built, 100% occupied building boasts a strong corporate guarantee from Dollar Tree, Inc. (which acquired Family Dollar in 2015), a credit-rated investment-grade tenant. The lease, commencing July 31, 2014, and expiring June 29, 2029, has a remaining term of five years, with six, five-year renewal options. Rent increases are tied to the Consumer Price Index (CPI), capped at 6% every three years, providing excellent inflation protection. The property generates a substantial net operating income (NOI) of $85,972, resulting in an attractive 7.50% capitalization rate. Strategically located on Highway 141, a major thoroughfare connecting Colorado and Utah, the property benefits from high visibility and limited competition as the only dollar store in Naturita. The asking price is $1,146,293. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment with a highly creditworthy tenant and significant upside potential.

Highlights

  • Family Dollar built-to-suit, single-tenant NNN property.
  • Absolute NNN lease with zero landlord responsibilities.
  • CPI-based rent increases (max 6% every 3 years).
  • High-visibility location on Highway 141, connecting Colorado and Utah.
  • Only dollar store in Naturita, limiting competition.
  • Strong corporate guarantee from investment-grade tenant, Dollar Tree (S&P rated BBB).

Property Details for 131 Main St

Property type
Retail properties, Drug stores
Year Built
2014

Location Insight

City
Naturita
County
Montrose
State
Colorado
Latitude
38.21667364995
Longitude
-108.56664849635

FAQs

What type of property is this?
Retail property - Family Dollar NNN Lease, 7.5% Cap Rate
Where is the retail property located?
The property is located at 131 Main St Naturita, CO.
What is the asking price?
The asking price for this property is $1,146,293.
What are key features of this property?
This property features: Family Dollar built-to-suit, single-tenant NNN property.; Absolute NNN lease with zero landlord responsibilities.; CPI-based rent increases (max 6% every 3 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.
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131 Main St
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