Property profile

17131 Frontage Rd Fort Morgan, CO 80701

OFF-MARKET
Retail properties & Spaces
10,640 SF Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 10,640-square-foot Dollar General Plus store in Fort Morgan, Colorado. Located at 17131 N Frontage Rd, 80701, this property boasts a 15-year absolute NNN lease with 14.5 years remaining, offering significant passive income potential. The lease includes attractive 5% rental increases every five years, ensuring consistent growth. The property benefits from a strong tenant, Dollar General, a nationally recognized retailer with an S&P rating of 'BBB'. This "Plus" store features an upgraded design and is situated on an oversized parcel. The location is strategically positioned just off I-76, experiencing high daily traffic volume (18,000 cars/day), providing easy access to Denver. The surrounding area demonstrates strong demographics, with average household incomes exceeding $76,000 within a 3-5 mile radius and a population of over 28,500 residents in growing Morgan County. Furthermore, the property's proximity to St. Elizabeth Hospital, numerous K-12 schools (3,400+ students), Morgan Community College (1,462 students), Pawnee National Grasslands, and Jackson Lake State Park ensures consistent customer traffic. The property's location east of Rocky Mountain National Park and Arapaho and Roosevelt National Forests further enhances its appeal. The asking price is $2,135,000, with a current NOI of $144,126. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and excellent long-term prospects. The property was built in 2024 and enjoys 100% occupancy.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 10,640 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

17131 Frontage Rd Fort Morgan, CO 80701
Fort Morgan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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