Bobby Hermosillo - Coldwell Banker Distinctive Properties
322 Bayfield Center Drive
Bayfield, CO 81122

$1,312,500

Description

Dollar Tree recently acquired Family Dollar, Inc., now considered the nations largest small-box discount retailer with more than 13,000 stores nationwide. Family Dollar operates under a landlord friendly net lease structure. As a result, freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity. With locations across 45 states, Family Dollar retail stores allow investors to evaluate property in metropolitan and rural settings. The Family Dollar net lease typically requires minimal responsibilities from the landlord, limited only to roof & structural maintenance while the tenant is responsible for insurance, taxes and all other maintenance and repairs. Corporate Guarranty NOI - $94,500, $7875 per month CAP RATE - 7.2% Initial lease term June 18, 2010 - June 30th 2027 Fixed rent through lease term at $7,875 9 years remaining Lease Term 5, 5-Year options with 10% rent escalations for each option NN Lease; minimal landlord responsibilities Landlord Responsibilities: Parking Lot, Roof & Structure Tenant Responsibilities: HVAC Great 1031 Deferred Tax Exchange opportunity for investor

Details

MLS#748968
Sub-TypeResale
StatusActive
Year2010
Days On Site13

Features

SQ Feet8,000
Story(s)1
Units1
ZoningCommercial
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Market Activity 81122

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Area Information

StateCO
CityBayfield
Zip Code81122
AreaBayfield In Town
Listing VS Median (in 81122)
Price:
$1,312,500
low | high
Med:
$289,900
100% of Average
SqFt:
8,000
low | high
Med:
0
100% of Average
$ / SqFt:
$164
low | high
Med:
$0
100% of Average
On Site:
13
low | high
Med:
279
4.659498207885% of Average
Listing Updated: 08/19/2018
MLS Number: 748968
Listing Provided By:
Melissa Glick  of  EXIT Realty Home Ranch



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