916 Smt Blvd Frisco, CO 80443
- Retail properties
- 1,917 SF
Current Use by Public Records
- Retail properties
Property Details for 916 Smt Blvd
- Year built
- 1985
- Property size
- 1,917 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 1,917 square foot retail condominium located at 916 N Summit Blvd in Frisco, Colorado. The Class B property, built in 1985, is a single-tenant building situated on a two-tenant pad, positioned between Walmart and Safeway, offering excellent visibility and high traffic volume. The property benefits from its strategic location on US Highway 9, a quarter-mile from I-70, ensuring year-round traffic with a significant increase during peak winter seasons due to its proximity to Breckenridge Ski Resort (approximately 10 miles away). The area boasts a thriving retail environment, including Whole Foods and Natural Grocers, further enhancing the property's appeal. Currently 100% occupied, the property generates a strong NOI of $76,000 with a 6.61% cap rate. The NNN lease with Summit Country Mountain Retreats extends until August 31, 2027, with built-in rent increases to $79,000 and $82,000 annually in subsequent years, and three additional three-year options with a 5% annual rent increase during each option period. This makes it an ideal investment for a 1031 exchange buyer seeking income growth that outpaces inflation. The asking price is $1,150,000. This is a two-story building within Summit County, approximately 70 miles from Denver and 95 miles from Denver International Airport.
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
- -106.096
- Latitude
- 39.5887
