Ross Dress for Less Retail
New
For Sale
$5,000,000
3051 Mathews St, Fort Collins, CO 80525
The Fort Collins property is associated with the Ross Dress for Less retail store.
Property Size25,000 SF
Price / SF$200
Days on Market1
Property Features for 3051 Mathews St
General Information
Standard status
Active
Size
25,000 SF
Property subtype
Department Store
Lease Type
NNN
Additional Details
Cap Rate
7%
Amenities
NNN LEASE TO JANUARY 2031 WITH A 7.1% OPTION STEP
STORE VISITS UP 20.6% YOY | LONG TERM COMMITMENT TO SITE
INVESTMENT-GRADE CORPORATE TENANT, S&P A- (NASDAQ: ROST)
PROPERTY LOCATED IN THE COMMERCIAL HEART OF FORT COLLINS
RENT 32% BELOW THE NEIGHBORING NORDSTROM RACK
Building Details
Building Size
25,000 SF
Listing Agency:
Denver Office
Listed By:
Drew Isaac · License #License(s): CO: FA100023779
(303) 328-2048
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Denver Office
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Investment Insights
Based on property information with market context.
The property is a 25,000-square-foot retail asset associated with Ross Dress for Less. It is located at 3051 Mathews St in Fort Collins, Colorado.
Key Highlights
- 25,000‑square‑foot retail property
- Located at 3051 Mathews St, Fort Collins, CO 80525
- Associated with Ross Dress for Less
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$377,055
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,541,100
$7.5M
Cap Rate 7%
$5,386,500
$5.4M
Cap Rate 9%
$4,189,500
$4.2M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$567.0K $22.68/SF
− Vacancy
−$28.4K −$1.13/SF
EGI
$538.7K $21.55/SF
− OpEx
−$161.6K −$6.46/SF
NOI
$377.1K $15.08/SF
Area
Fort Collins, CO
Vacancy
5.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,541,100
Cap Rate 7%
$5,386,500
Cap Rate 9%
$4,189,500
Alternative Uses
Best Use
Retail
$5.39M
$4.71M – $6.28M
NOI $377,055 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.51M
$5.70M – $7.60M
NOI $455,700 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,222
Businesses Nearby
Explore this area
Business Placement
Demographics for 80525, CO
55,901
Population
25,144
Households
2.2
Avg Household Size
37
Median Age
59%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
2,389
Density / Sq Mi
$93,349
Median Household Income
$48,876
Median Earnings
$1,744
Median Rent
$563,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - The Fort Collins property is associated with the Ross Dress for Less retail store.
Where is this nnn property located?
The property is located at 3051 Mathews St Fort Collins, CO.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 25,000‑square‑foot retail property; Located at 3051 Mathews St, Fort Collins, CO 80525; Associated with Ross Dress for Less
