970 10 Mile Dr Frisco, CO 80443
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.