970 10 Mile Dr Frisco, CO 80443
- Retail properties
- 15,000 SF
- 46,783.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 970 10 Mile Dr
- Year built
- 2015
- Lot size
- 46,783.00 lot acres
- Property size
- 15,000 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Frisco
- County
- Summit
- State
- Colorado
- Longitude
- -106.095
- Latitude
- 39.5906
