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710 Wapiti Ave
15,846 SF 100% Leased Retail Building Rifle, CO 81650 £2,104,791 (£133/SF) 7.29% Net Initial Yield
Investment Highlights
- 100% occupied two-tenant retail center on NNN leases
- Building is equipped with solar, minimizing tenants operating expenses
- Total of 86 hones currently under construction directly behind the property
- AutoZone recently signed a 10-year extension
- Adjacent to Grand River Hospital, which recently underwent a large expansion
- Hwy 70 visibility with traffic counts of 19k+ vehicles per day
Executive Summary
The property is located in the heart of Rifle’s growing trade area surrounded by national retailers such as Walmart Supercenter, Grease Monkey, Sonic, Dunkin’, O’Reilly’s, Culvers and many more. The Grand River Hospital is adjacent to the property, which recently underwent a large expansion. Also, directly behind the site, are two residential developments which will add 86 homes to the immediate area by the end of 2024. Rifle is located in the Western Slope region and is an expanding bedroom community for the Roaring Fork Valley, home to the coveted, Aspen, Colorado just one hour to the East. Rifle is also a hub for outdoor activities, attracting nature enthusiast from across the country.
John Blackshire
CO# FA100051342
Broker of Record
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 8,760 SF
- -
- NNN
- Jan 2026
Headquartered in Atlanta, The Aaron's Company, Inc. is a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions of appliances, electronics, furniture, and other home goods across its brands: Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. Aaron's offers a direct-to-consumer lease-to-own solution through its approximately 1,220 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform.
-
- Retailer
- 7,086 SF
- -
- NNN
- Apr 2033
AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with stores in the US, Mexico, Brazil and Puerto Rico. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. AutoZone, headquartered in Memphis, TN, is a growing Fortune 300 company with a deep commitment to serving their customers, communities and fellow AutoZoners. They have vast opportunities in their stores, distribution centers, field offices, specialty business units and Store Support Center and embrace diverse experiences, backgrounds, knowledge and ideas to strengthen their teams and business. Their team is connected by a deep commitment to their Pledge and Values, principles established more than thirty years ago that reinforce their priorities and team culture.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 8,760 SF | - | NNN | Jan 2026 | |
|
|
Retailer | 7,086 SF | - | NNN | Apr 2033 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R043036 | Improvements Assessment | £383,925 |
| Land Assessment | £155,215 | Total Assessment | £539,139 |
PROPERTY TAXES
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710 Wapiti Ave
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