For Sale
$7,680,626

970 10 Mile DrFrisco, CO 80443

High-yield NNN grocery store investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple, 15,000-square-foot Natural Grocers grocery store in Frisco, Colorado. Located at 970 N 10 Mile Dr, 80443, this Class A property boasts a strong corporate guarantee from Natural Grocers, a publicly traded company with a significant market capitalization. The absolute triple-net (NNN) lease, with zero landlord responsibilities, commenced April 30, 2016, and has a remaining term of approximately 6.4 years, plus three five-year renewal options. The property sits on a substantial 4.6783-acre lot and was built in 2015 as a build-to-suit for Natural Grocers. The asking price is $7,680,626, representing a price per square foot of $512.04 and a 5.75% cap rate based on a current NOI of $441,636. The property enjoys 100% occupancy since its opening and benefits from an excellent location within a high-income demographic area, offering strong retail synergy and significant growth potential. This single-story building presents a secure, passive income stream with a long-term tenant and attractive financial metrics. The property's prime location in Frisco, Colorado, a popular year-round destination near numerous ski resorts and outdoor recreational opportunities, ensures consistent high traffic and customer base. This is an ideal investment for those seeking a stable, high-return, low-maintenance commercial real estate asset.

Highlights

  • Natural Grocers corporate guarantee.
  • Natural Grocers build-to-suit; occupied since 2015.
  • Absolute NNN lease; zero landlord responsibilities.
  • Excellent retail location with strong synergy.
  • High-income demographic; excellent population density.
  • Fee simple ownership of land and building.

Property Details for 970 10 Mile Dr

Property type
Retail properties, Grocery and convenience stores
Square Feet
15,000 SF
Class
A
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
2,037,867,480 SF
Units
1

Location Insight

City
Frisco
County
Summit
State
Colorado
Latitude
39.59055245
Longitude
-106.09456667
970 10 Mile Dr, Frisco, Colorado

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970 10 Mile Dr
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