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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

970 10 Mile Dr Frisco, CO 80443

15,000 SF 46783 ac lot Built 2015
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple, 15,000-square-foot Natural Grocers grocery store in Frisco, Colorado. Located at 970 N 10 Mile Dr, 80443, this Class A property boasts a strong corporate guarantee from Natural Grocers, a publicly traded company with a significant market capitalization. The absolute triple-net (NNN) lease, with zero landlord responsibilities, commenced April 30, 2016, and has a remaining term of approximately 6.4 years, plus three five-year renewal options. The property sits on a substantial 4.6783-acre lot and was built in 2015 as a build-to-suit for Natural Grocers. The asking price is $7,680,626, representing a price per square foot of $512.04 and a 5.75% cap rate based on a current NOI of $441,636. The property enjoys 100% occupancy since its opening and benefits from an excellent location within a high-income demographic area, offering strong retail synergy and significant growth potential. This single-story building presents a secure, passive income stream with a long-term tenant and attractive financial metrics. The property's prime location in Frisco, Colorado, a popular year-round destination near numerous ski resorts and outdoor recreational opportunities, ensures consistent high traffic and customer base. This is an ideal investment for those seeking a stable, high-return, low-maintenance commercial real estate asset.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2015
Total area 15,000 SF
Lot 46783 ac (2,037,867,480 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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