Denver with Below Market Rate & Shorter Term Lease Remaining 4775 N. Yampa Street, Denver, CO Denver (Alamosa, Colorado, US ) Built

$2,755,555 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 8,320 sq. ft.
  • Development Level: Built
  • Lot Size: 0.943 acres
  • Year Built: 2012

Description

Family Dollar In Denver for Sale with Below Market Rate & Shorter Term Lease Remaining 4775 N. Yampa Street, Denver, CO

Cap Rate: 6%
NOI: $124,000
Building Size: 8,320 sqft
Lot Area: 0.943 acres
Year Built: 2012

Price: $2,755,555 USD

DESCRIPTION
Family Dollar Build to Suit in 2012 with about 11 months of an initial 10 year lease term in prime trade area exploding with residential, retail, industrial, office and hospitality development in close proximity to Denver International Airport. Keep the property for a long term asset with a nice return or benefit from a Family Dollar termination and reap huge rental income upside with some improvements to the property.

This freestanding building is located on the corner of a newly lighted intersection in one of the fastest growing trade areas in Colorado, population growth within 1 mile expected to jump 11.5% from 2018-2023. Across the street from an extremely busy McDonalds in the heart of one of two major retail commercial hubs for Green Valley Ranch, a master planned residential community consisting of about 5000 acres and just a stones throw from Denver International Airport.

HIGHLIGHTS
• Current rental base rate of $14.90 sf - trade area typically rents for $25-32 sf, NNN;
• Five - 5 year options with 10% increase at the commencement of each option;
• Commencing February 1, 2022 - cap rate is 4.9% in 1st option;
• With over 8185 stores in 47 states, FD is 2nd largest dollar store in US;
• Corporate guaranty with investment grade rating of Baa3, Moody's;
• Landlord responsible for roof, structure and parking lot repairs, maintenance and replacement over $2000 per annum; however there is a 20 year roof warranty in place; Tenant
responsible for parking lot striping, snow removal and, landscaping;

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.