Current Use by Public Records
- Retail properties & Spaces
Property Details for 287 And Adams St
- Year built
- 2024
- Lot size
- 1.17 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General convenience store in Eads, Colorado. Built in 2024, the property sits on a 1.17-acre lot with 36 parking spaces and boasts a 15-year absolute NNN lease with five, 5-year renewal options. The lease, backed by a corporate guarantee from Dollar General (NYSE: DG), features a compelling 6.50% cap rate and a strong NOI of $153,941. The asking price is $2,368,000 ($222.56/sq ft). Strategically located on US 287 and Adams Street in Eads, CO 81036, this property offers significant long-term value. The lease includes a rare provision for 5% rent bumps every five years throughout the primary term and option periods, ensuring consistent income growth. With 100% occupancy and minimal landlord responsibilities, this is a truly hands-off investment opportunity. The property's prime location and the strength of the Dollar General tenant combine to create a secure and profitable investment. This absolute NNN lease structure eliminates landlord expenses and maintenance obligations, providing a low-risk, high-reward investment profile. The property's single-tenant occupancy further simplifies management and minimizes vacancy risk. This is an ideal addition to any diversified real estate portfolio seeking stable, long-term income generation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eads
- County
- Kiowa
- State
- Colorado
- Longitude
- -102.772
- Latitude
- 38.4773
