112 Garfield Ave
Moffat, CO
Price:
$1,410,410
Cap Rate:
6.50%
NOI:
$91,676
Building Size:
Approx. 9100 Sq. Ft.
Lot Size:
Approx. 1.04 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2019
Investment Overview
- 2019 Construction. 9,100+/- SF Building on 1.04+/- Acre Site
- 15-Year Corporate Absolute NNN Lease w/ Rent Bumps in Options
- Along main town’s thoroughfare, benefiting from underserved market
- Dollar General experienced 19 straight years of same-store sales growth
- Moffat, Colorado is known for its hot springs, spas, & cannabis production
- Just half an hour north of Alamosa, CO & 2.5-Hours southwest of Pueblo, CO
- Colorado’s population & economy is predicted to keep growing in 2020