809 Main St Antonito, CO 81120
- Outlet malls
- 8,000 SF
- 0.72 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 809 Main St
- Year built
- 2011
- Construction
- STEEL FRAME
- Lot size
- 0.72 lot acres
- Property size
- 8,000 SF
- Property type
- Outlet malls
- APN
- 598720413001
- APU
- 598720413001
Description
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store located at 809 Main St, Antonito, CO 81120. The 8,000 square foot building, constructed in 2012, sits on a 0.7-acre lot and boasts 100% occupancy with a strong, recently extended lease. The current lease has five years remaining, followed by four, five-year renewal options, each with built-in rental increases. The property generates a substantial NOI of $74,000, representing an attractive 8.00% cap rate and a price per square foot of $115.62. The asking price is $925,000. This Family Dollar location demonstrates above-average sales performance, benefiting from its strategic position along US Route 285, providing convenient access to Santa Fe, NM, and proximity to Alamosa, CO, and its regional airport. A Letter of Intent has been submitted by Family Dollar Corporate to convert this location into a combined Family Dollar/Dollar Tree store, potentially resulting in a new 10-year lease with significantly higher rent. This presents a compelling opportunity for long-term, stable income generation with significant upside potential. The limited competition within a 10-mile radius further enhances the property's value and attractiveness.
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
- Antonito
- County
- Conejos
- State
- Colorado
- Longitude
- -106.009
- Latitude
- 37.0798
