For Sale
$1,150,000

331 Us-24Leadville, CO 80461

High-yield, multi-tenant retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional net-leased retail property in Leadville, Colorado, presents a compelling investment opportunity. Located on US-24, this two-story, 5,600 square foot building boasts 100% occupancy with two tenants: Cloud City Medical and Leadville Rental Center. Each tenant occupies 2,600 square feet under a net lease, minimizing landlord responsibilities. The property features regular rent bumps ranging from 2.44% to 3%, ensuring consistent income growth. Recent improvements include repaving the parking lot (2024) and installing a new boiler and heating system (2022). The property sits on a 0.594-acre lot and benefits from high visibility and ample parking. The asking price is $1,150,000, representing a 7.93% cap rate and a pro-forma cap rate of 8.16%. The current NOI is $91,200, with a pro-forma NOI of $93,804. Built in 1980, this fee-simple property is zoned commercial and offers flexible leasing options. This is a stabilized, low-maintenance investment with strong potential for future returns. The property's location in Leadville, Lake County, Colorado, provides access to a thriving community with limited retail competition. This turnkey investment is ideal for passive income seekers.

Highlights

  • Net-leased retail property in Leadville, CO, on US-24.
  • 5,600 SF building, 100% occupied by two tenants (Cloud City Medical & Leadville Rental Center), each in 2,600 SF.
  • Net lease structure with minimal landlord responsibilities and regular rent bumps (2.44%-3%).
  • High visibility location with ample parking on a 0.59-acre lot.
  • $1,150,000 asking price, 7.93% cap rate (8.16% pro-forma), $91,200 NOI ($93,804 pro-forma).

Property Details for 331 Us-24

Property type
Retail properties, Retail space
Square Feet
5,600 SF
Year Built
1980
Buildings
1
Stories
2
Lot Size (sq. ft)
25,875 SF
Units
2

Location Insight

City
Leadville
County
Lake
State
Colorado
Latitude
39.2417294
Longitude
-106.2947935
331 Us-24, Leadville, Colorado

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331 Us-24
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