970 10 Mile DrFrisco, CO 80443

Property Details for 970 10 Mile Dr

Year built

2015

Lot size

46,783.00 AC

Property size (Sq ft)

15,000 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Frisco

County

Summit

State

Colorado

Latitude

39.5906

Longitude

-106.095

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