19620 US Hwy 285
La Jara, CO
Price:
$2,046,000
Cap Rate:
5.25%
NOI:
$107,401
Building Size:
Approx. 10,640 Sq. Ft.
Lot Size:
Approx. 1.61 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2022
Investment Overview
- 2022 Construction. 10,640+/- SF Building on 1.61+/- Acre Site
- 15 Yr Corporate Absolute NNN Lease w/ 10% Rental Increases in (3) Option Periods
- Subject Property Ideally Situated Along the Major Thoroughfare Hwy 285 (6.5K VPD)
- Location is Near Centauri High School and Conejos County Hospital in La Jara
- Dollar General is the Country’s Largest Small-Box Discount Retailer | E-Commerce Resistant
- Dollar General Completed More Than 1,750 Store Remodels in 2021 & Plans for More in 2022
- La Jara | Nestled in the Rio Grande National Forest | Median HH Income Increased 7% in 2021