17131 Frontage Rd Fort Morgan, CO 80701

Property Details for 17131 Frontage Rd

Year built

2024

Property size

10,640 SF

Property type

Retail properties

Property subtype

Retail space

Description

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.

Location Insight

City

Fort Morgan

County

Morgan

State

Colorado

Longitude

-103.829

Latitude

40.2674