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Walgreens 316 W Aspen Ave

13,964 SF Retail Building Fruita, CO 81521 £4,084,389 (£292/SF) 6.80% Net Initial Yield

Investment Highlights

  • Absolute NNN lease with zero landlord responsibilities
  • Assumable financing with favorable terms (3.82% interest rate) available
  • Signalized corner location
  • High performing location with strong sales
  • Down the street from I-70, a major east–west Interstate Highway in the US
  • Down the street (0.6 miles) from James M. Robb - Colorado River State Park

Executive Summary

Kidder Mathews is pleased to offer the rare opportunity to acquire this investment opportunity. This property is 100% leased by Walgreens
Pharmacy (“Tenant”) at 316 W Aspen Ave, Fruita, CO 81521 ("Property").
This opportunity consists of a freestanding single-tenant property leased to Walgreens Co in Fruita, Colorado. All property maintenance
is tenant’s responsibility. The property is on a signalized corner location with high visibility near large interstate highways.
Assumable financing with favorable terms (3.82% interest rate) is available.

Attachments

316-W-Aspen-Ave_OM (reduced)

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,964 SF
Building Class
C
Year Built
2007
Price
£4,084,389
Price Per SF
£292
Net Initial Yield
6.80%
NOI
£277,770
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
1.77 AC
Zoning
DCRD - Retail Trade
Parking
63 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
196 ft on W Aspen Avenue

Amenities

  • Corner Lot
  • Freeway Visibility
  • Signalised Intersection
  • Drive Thru

Links

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316 W Aspen Ave, Fruita, CO - aerial map view
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

U.S. Bank
Rib City Grill Fruita
City Market
Starbucks
Bank of Montreal

PROPERTY TAXES

Parcel Number 2697-172-29-002 Improvements Assessment £336,837
Land Assessment £221,676 Total Assessment £558,513

PROPERTY TAXES

Parcel Number
2697-172-29-002
Land Assessment
£221,676
Improvements Assessment
£336,837
Total Assessment
£558,513
(818) 231-2477

Contacts

  • Listing ID: 31095123

  • Date on Market: 01/03/2024

  • Last Updated:

  • Address: 316 W Aspen Ave, Fruita, CO 81521

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© 2024 CoStar Group

Walgreens | 316 W Aspen Ave
(818) 231-2477 x

Walgreens | 316 W Aspen Ave

1/2

Joshua Luchs

(818) 231-2477

(818) 231-2477

Jeremy Benloulou

(818) 867-9037

(818) 867-9037

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