For Sale
$1,146,293

131 Main StNaturita, CO 81422

High-yield, NNN-leased retail property.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple, single-tenant retail property in Naturita, Colorado. The property, built in 2014, is a 1-story, 1-building structure located at 131 E Main St, 81422, situated on Hwy 141, a major thoroughfare connecting Colorado and Utah. The property boasts a 7.50% cap rate and a strong NOI of $85,972. The tenant, Family Dollar (a subsidiary of Dollar Tree, an S&P rated BBB investment-grade credit tenant), occupies the entire building under an absolute triple-net (NNN) lease with zero landlord responsibilities. The lease, originally commenced on July 31, 2014, has a remaining term of approximately 4.8 years, with six, five-year renewal options. Rent increases are CPI-based, capped at 6% every three years, providing excellent inflation protection. The property benefits from limited competition, being the only dollar store in Naturita. This is a rare opportunity to acquire a corporately guaranteed, high-performing retail investment with significant long-term potential. The lease is considered extremely rare due to its absolute NNN structure and minimal landlord responsibilities. The property is a built-to-suit location for Family Dollar, a major discount retailer that has demonstrated resilience and growth, even during challenging economic times. The asking price is $1,146,293.

Highlights

  • Family Dollar built-to-suit, single-tenant retail property.
  • Rare absolute triple-net (NNN) lease with zero landlord responsibilities.
  • CPI-based rent increases, capped at 6% every three years.
  • High-traffic location on Hwy 141, connecting Colorado and Utah.
  • Limited competition; only dollar store in Naturita.
  • Strong, corporately guaranteed lease with six, five-year renewal options.

Property Details for 131 Main St

Property type
Retail properties, Drug stores
Year Built
2014
Buildings
1
Stories
1

Location Insight

City
Naturita
County
Montrose
State
Colorado
Latitude
38.216583762439
Longitude
-108.56689934108
131 Main St, Naturita, Colorado

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131 Main St
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