AutoZone Absolute-Net Ground
6270 Timber Rail Pt, Fountain, CO 80817
For Sale
$2,395,000
The tenant covers taxes, insurance, and maintenance under the absolute-net lease.
Property Size7,382 SF
Price / SF$324.44
Days on Market97
Property Features for 6270 Timber Rail Pt
General Information
Standard status
Size
Property subtype
Net Operating Income
Financials
Cap Rate
Gross Income
Site & Location
Corner Location
Anchor Co-Tenants
Traffic Count
Building Details
Tenancy
Listing Agency:
Phoenix Commercial Advisors
Listed By:
Chad Tiedeman · License #SA536326000
(602) 288-3472
Source:
Phoenixcommercialadvisors
Added: Aug 2
Changed: Oct 25
Last Checked: Nov 6 at 6:09AM
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 Phoenix Commercial Advisors
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Investment Insights
Based on property information with market context.
This 7,382 SF AutoZone property is structured as a 20-year absolute-net ground lease with no landlord responsibility for taxes, insurance, or maintenance. AutoZone, Inc. provides a corporate guaranty rated BBB / Baa1. The fee-simple land includes a tenant-constructed store that reverts to ownership at the end of the lease term. Contractual increases occur at 10% every 5 years after year 10, with four additional 5-year options extending toward 2066.
The property is positioned on Mesa Ridge Pkwy with ±32,000 cars per day at the site, based on CDOT 2024 data. It sits across from Mesa Ridge High School, which has 1,300+ students, and is minutes from Fort Carson. Nearby co-tenants and commercial anchors include Lowe's, King Soopers, Valvoline, Dutch Bros, Safeway, Chick-fil-A, and 7-Eleven. More than 14,000 new dwelling units are planned within the immediate trade area.
The property is positioned on Mesa Ridge Pkwy with ±32,000 cars per day at the site, based on CDOT 2024 data. It sits across from Mesa Ridge High School, which has 1,300+ students, and is minutes from Fort Carson. Nearby co-tenants and commercial anchors include Lowe's, King Soopers, Valvoline, Dutch Bros, Safeway, Chick-fil-A, and 7-Eleven. More than 14,000 new dwelling units are planned within the immediate trade area.
Key Highlights
- 7,382 SF AutoZone store on fee‑simple land
- 4.55% cap rate with a 20‑year ground lease
- Absolute‑net structure assigns taxes, insurance, and maintenance to the tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,557
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,111,140
$2.1M
Cap Rate 7%
$1,507,957
$1.5M
Cap Rate 9%
$1,172,856
$1.2M
Market Conditions
NOI Build-Up for 7,382 SF
Gross rent
$158.6K $21.48/SF
− Vacancy
−$7.8K −$1.05/SF
EGI
$150.8K $20.43/SF
− OpEx
−$45.2K −$6.13/SF
NOI
$105.6K $14.30/SF
Area
El Paso County, CO
Vacancy
4.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,111,140
Cap Rate 7%
$1,507,957
Cap Rate 9%
$1,172,856
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,557 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$98.44M
$86.13M – $114.84M
NOI $6,890,579 @ 7.0% cap · market cap 287.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
32,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 80817, CO
31,621
Population
11,649
Households
2.7
Avg Household Size
31
Median Age
32%
College-Educated
95%
High-School Grad
115.1 sq mi
ZIP Area
275
Density / Sq Mi
$85,121
Median Household Income
$50,434
Median Earnings
$1,758
Median Rent
$377,300
Median Home Value
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Market
Properties on Market for NNN properties in El Paso County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - The tenant covers taxes, insurance, and maintenance under the absolute-net lease.
Where is this nnn property located?
The property is located at 6270 Timber Rail Pt Fountain, CO.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 7,382 SF AutoZone store on fee‑simple land; 4.55% cap rate with a 20‑year ground lease; Absolute‑net structure assigns taxes, insurance, and maintenance to the tenant
