311 Bear Creek Avenue
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311 Bear Creek Avenue
1,532 SF 100% Leased Retail Building Morrison, CO 80465 £795,420 (£519/SF) 5.13% Net Initial Yield
Executive Summary
Located in the charming town of Morrison, this quality covered land investment is in the heart of the downtown district. Currently operated as Sunshine Sensations, the
store offers a wide variety of curios geared for the tourist market. The lease expires in February 2027 with one 3-yr. option. The tenant has a 15 day first right of refusal. With
Net Operating Income of $51,300, the property offers a 5.13% Cap Rate. The Landlord is responsible for roof and structure only. With ease of management, this could be an
ideal investment as tenant pays expenses direct to vendor.
As this is an operational business, do not contact the tenant directly. All showings must be thru the listing brokers.
store offers a wide variety of curios geared for the tourist market. The lease expires in February 2027 with one 3-yr. option. The tenant has a 15 day first right of refusal. With
Net Operating Income of $51,300, the property offers a 5.13% Cap Rate. The Landlord is responsible for roof and structure only. With ease of management, this could be an
ideal investment as tenant pays expenses direct to vendor.
As this is an operational business, do not contact the tenant directly. All showings must be thru the listing brokers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,532 SF
Building Class
C
Year Built
1935
Price
£795,420
Price Per SF
£519
Net Initial Yield
5.13%
NOI
£40,805
Percent Leased
100%
Number of Floors
1
Building FAR
0.53
Lot Size
0.07 AC
PROPERTY TAXES
| Parcel Number | 40-354-02-005 | Improvements Assessment | £97,360 |
| Land Assessment | £5,457 | Total Assessment | £102,818 |
PROPERTY TAXES
Parcel Number
40-354-02-005
Land Assessment
£5,457
Improvements Assessment
£97,360
Total Assessment
£102,818
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311 Bear Creek Avenue
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