331 Us-24Leadville, CO 80461

Property Details for 331 Us-24

Year built

1980

Lot size

0.59 AC

Property size (Sq ft)

5,600 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Leadville

County

Lake

State

Colorado

Latitude

39.2417

Longitude

-106.295

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