1111 W Victory Way Craig, CO 81625

This exceptional value-add investment opportunity presents the Centennial Mall of Craig, a 87,814 square foot mixed-use retail center situated on a 6.94-acre lot at 1111 W Victory Way, Craig, CO 81625. Currently boasting 70% occupancy with 15 tenants, including established names like Dollar Tree and Domino's Pizza, this single-story, 1980-built property offers significant upside potential. The property features 200 parking spaces and benefits from a prime location on Highway 40, ensuring high visibility and traffic. Leases are structured as NNN, with rent bumps ranging from 3% to 5% annually, depending on lease terms. The property is zoned C-2 and has an approved Conditional Use Permit, opening doors to a variety of potential uses. The city of Craig is actively pursuing urban renewal initiatives, presenting additional opportunities for investors. This property is located in an Opportunity Zone, offering potential tax advantages. The mall's central location serves a growing regional hub encompassing parts of Colorado, Wyoming, and Utah. Proximity to Steamboat Springs Resort (approximately 45 minutes away) further enhances its appeal. The asking price for this significant retail investment is $1,975,000. The property's APN is 065736317001.