Family Dollar

809 Main Street, Antonito, CO

$925,000

Price

8%

Cap Rate

$74,000

NOI

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Street
Map
Overview
Cap Rate
8%
NOI
$74,000
Building Size
8,000 sqft
Lot Area
0.7 sqft
Occupancy
100%
Lease Type
Double Net
Year Built
2012
Tenancy
Single
Description

This NN Family Dollar has a recently extended lease and above average store sales. The subject property is located along US Route 285, which connects to Santa Fe, NM.



SCOTT REID
PARASELL, INC.
scott@parasellinc.com
PH: 949.942.6585
CO LIC# EC.100085004

Highlights
  • Family Dollar with approximately 3 years remaining on the primary lease term with four, 5-year options and rental increases in each option period
  • Family Dollar Corporate has submitted a signed LOI for this store to become a Family Dollar/Dollar Tree combo store with a new 10-year lease and new higher rent (contact agent for details)
  • Family Dollar recently extended their lease in April 2022, showing commitment to the location and store
  • Above average sales for this location with limited competition in the 10-mile radius (contact agent for details)
  • US Route 285 runs through Antonito, CO, and connects directly to Interstate 25, which connects straight to Santa Fe, NM, the Capital of New Mexico with an estimated population 91,000 residents
  • Subject property is located approximately 28 miles from Alamosa, CO, with a population of 10,000 and home to San Luis Valley Regional Airport
Documents
Location
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