136 Aspen Ave Fruita, CO 81521-2542
- Turn key restaurants
- 1,092 SF
- 0.03 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 136 Aspen Ave
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.03 lot acres
- Property size
- 1,092 SF
- Zone code
- 2212
- Property type
- Turn key restaurants
- APN
- 2697-172-22-019
- APU
- 269717222019
Description
This exceptional opportunity presents the chance to acquire Aspen Street Coffee, a thriving, established business located in the heart of downtown Fruita, Colorado. This 1,092 square foot, Class A retail space, built in 1900, boasts a charming interior while maintaining a modern appeal. The property sits on a 0.02-acre lot and is zoned for commercial use. The business includes all fixtures, furniture, and equipment (FF&E), inventory, established vendor relationships, and a valuable trade name. A significant advantage is the inclusion of an off-site electric roaster, capable of supporting multiple locations, adding considerable value to the acquisition. The current owner-user benefits from a Triple Net (NNN) lease with a base rent of $22 per square foot, plus NNN expenses, and a 3% annual rent escalation clause. The lease is transferable to the new owner and includes an option to renew. Further enhancing the business's profitability is a liquor license and a Mesa County limited commercial kitchen license, allowing for diversified revenue streams. The business enjoys a strong reputation, evidenced by over 310 reviews with a 4.2-star rating, placing it among the top 8 coffee shops in Fruita. The sale includes the established customer base and a full-time manager with 2.5 years of experience, along with four to eight part-time employees. The asking price for the business and real estate is $230,000, representing a price per square foot of $210.62. A Certificate of Insurance is required. The property's address is 136 E Aspen Ave, Fruita, CO 81521. This is a truly turnkey operation with significant growth potential in a desirable location. A Non-Disclosure Agreement (NDA) is required for access to further detailed financial information.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $350,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $255,000
- Mixed-Use
- $295,000
- Hospitality
- $350,000
- Educational
- $335,000
- Residential Income
- $280,000
- Energy
- $310,000
- Income-Based Land
- $265,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Fruita
- County
- Mesa
- State
- Colorado
- Longitude
- -108.733
- Latitude
- 39.1587
- CBSA code
- 24300
- CBSA name
- GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
