131 Main StNaturita, CO 81422

Property Details for 131 Main St

Year built

2014

Construction

STEEL FRAME

Property size (Sq ft)

8,412 SF

Property type

Outlet malls

APN

4269-302-00-077

APU

426930200077

Description

This exceptional investment opportunity presents a single-tenant, absolute triple-net (NNN) leased property occupied by a Family Dollar store in Naturita, Colorado. The 2014-built, 100% occupied building boasts a strong corporate guarantee from Dollar Tree, Inc. (which acquired Family Dollar in 2015), a credit-rated investment-grade tenant. The lease, commencing July 31, 2014, and expiring June 29, 2029, has a remaining term of five years, with six, five-year renewal options. Rent increases are tied to the Consumer Price Index (CPI), capped at 6% every three years, providing excellent inflation protection. The property generates a substantial net operating income (NOI) of $85,972, resulting in an attractive 7.50% capitalization rate. Strategically located on Highway 141, a major thoroughfare connecting Colorado and Utah, the property benefits from high visibility and limited competition as the only dollar store in Naturita. The asking price is $1,146,293. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment with a highly creditworthy tenant and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,272,501

  6.5%

  $2,097,693

  7%

  $1,947,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,313,960

  Geo Method

  $1,751,399

• Alternative Use

  Use

  Valuation

  Residential

  $1,769,483

  Hospitality

  $1,620,837

  Educational

  $1,348,517

  Medical

  $1,394,895

  Retail

  $2,097,693

Location Insight

City

Naturita

County

Montrose

State

Colorado

Latitude

38.2163

Longitude

-108.566

CBSA code

33940

CBSA name

MONTROSE, CO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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