809 Main StAntonito, CO 81120

Property Details for 809 Main St

Year built

2011

Construction

STEEL FRAME

Lot size

0.72 AC

Property size (Sq ft)

8,000 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

598720413001

APU

598720413001

Description

This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 809 Main St, Antonito, CO 81120. The 8,000 square foot building, constructed in 2012, sits on a 0.7-acre lot and boasts 100% occupancy with a strong, recently extended lease. The current lease has five years remaining, followed by four, five-year renewal options, each with built-in rental increases. The property generates a substantial NOI of $74,000, representing an attractive 8.00% cap rate and a price per square foot of $115.62. The asking price is $925,000. This Family Dollar location demonstrates above-average sales performance, benefiting from its strategic position along US Route 285, providing convenient access to Santa Fe, NM, and proximity to Alamosa, CO, and its regional airport. A Letter of Intent has been submitted by Family Dollar Corporate to convert this location into a combined Family Dollar/Dollar Tree store, potentially resulting in a new 10-year lease with significantly higher rent. This presents a compelling opportunity for long-term, stable income generation with significant upside potential. The limited competition within a 10-mile radius further enhances the property's value and attractiveness.

Location Insight

City

Antonito

County

Conejos

State

Colorado

Latitude

37.0798

Longitude

-106.009

Property Tax & Assessments

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