136 Aspen AveFruita, CO 81521

Property Details for 136 Aspen Ave

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

1,092 SF

Zone code

2212

Property type

Turn key restaurants

APN

2697-172-22-019

APU

269717222019

Description

This exceptional opportunity presents the chance to acquire Aspen Street Coffee, a thriving, established business located in the heart of downtown Fruita, Colorado. This 1,092 square foot, Class A retail space, built in 1900, boasts a charming interior while maintaining a modern appeal. The property sits on a 0.02-acre lot and is zoned for commercial use. The business includes all fixtures, furniture, and equipment (FF&E), inventory, established vendor relationships, and a valuable trade name. A significant advantage is the inclusion of an off-site electric roaster, capable of supporting multiple locations, adding considerable value to the acquisition. The current owner-user benefits from a Triple Net (NNN) lease with a base rent of $22 per square foot, plus NNN expenses, and a 3% annual rent escalation clause. The lease is transferable to the new owner and includes an option to renew. Further enhancing the business's profitability is a liquor license and a Mesa County limited commercial kitchen license, allowing for diversified revenue streams. The business enjoys a strong reputation, evidenced by over 310 reviews with a 4.2-star rating, placing it among the top 8 coffee shops in Fruita. The sale includes the established customer base and a full-time manager with 2.5 years of experience, along with four to eight part-time employees. The asking price for the business and real estate is $230,000, representing a price per square foot of $210.62. A Certificate of Insurance is required. The property's address is 136 E Aspen Ave, Fruita, CO 81521. This is a truly turnkey operation with significant growth potential in a desirable location. A Non-Disclosure Agreement (NDA) is required for access to further detailed financial information.

• CAP approach

  CAP return

  Valuation

  6%

  $227,934

  6.5%

  $210,401

  7%

  $195,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $231,117

  Geo Method

  $93,829.90

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $408,431

  Mixed-Use / Specialty

  $210,407

  Hospitality / Lodging

  $155,354

  Office

  $209,945

  Institutional / Educational

  $219,009

  Residential Income

  $256,241

  Multifamily

  $303,128

  Automotive / Energy

  $187,722

  Parking / Income-Based Land

  $64,033.40

  Restaurant / Food Service

  $111,049

  Healthcare / Senior Housing

  $214,993

Location Insight

City

Fruita

County

Mesa

State

Colorado

Latitude

39.1587

Longitude

-108.733

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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