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Natural Grocers 970 N Ten Mile Dr

15,010 SF Retail Building Frisco, CO 80443 £6,009,706 (£400/SF) 5.75% Net Initial Yield

Investment Highlights

  • Natural Grocers corporate guarantee-publicly traded company (NYSE:NGVC)
  • Absolute NNN - zero Landlord responsibilities
  • Excellent population and high household income numbers
  • Occupancy at the site since 2015: build-to-suit for Natural Grocers
  • Outstanding location with excellent retail synergy
  • Fee simple - land and building

Executive Summary

Kidder Mathews and Remy Tams is please to offer for purchase a Natural Grocers corporate grocery store located in Frisco Colorado. Natural Grocers commenced its occupancy under a built-to-suit lease in 2015. At that time, they signed a fifteen year lease. There are approximately 7 years remaining, plus three (3), five year options to renew the lease. The lease is absolute triple net with zero landlord responsibilities. Regular rent increases are included in the lease structure (contact broker for details).
Natural Grocers-Tenant Overview
Natural Grocers by Vitamin Cottage, Inc. is a specialty retailer of natural and organic groceries, and dietary supplements. The company’s stores offer products including body care, pet care, household and general merchandise, books, and handouts. Its grocery products include produce; bulk food and private label products; dry, frozen and canned groceries; meats and seafood; dairy products, dairy substitutes and eggs; prepared foods; bread and baked goods, and beverages. Additionally, Natural Grocers carries a range of products associated with special diets, such as gluten free, vegetarian, and non-dairy items.  The company sells organic produce sourced from local and organic producers. Natural Grocers operates within the natural products retail industry. Natural Grocers operates approximately 170 stores in 21 states.
Natural Grocers is a publicly traded company on the New York Stock Exchange (NYSE: NGVC) and has a $510 million market capitalization. Natural Grocers is headquartered in Lakewood, CO.
Website: www.naturalgrocers.com
Stock Symbol: NYSE: NGVC
Market Capitalization:  $510 Million
# of Locations:  170
Headquarters:  Lakewood, CO
Year Founded:  1955
Frisco Colorado
Frisco, Colorado is located approximately 72 miles west of Denver (a 1 hour, 20-minute drive from Denver airport) and is considered the “Main Street to the Rockies”.   Frisco's location, right at the center of Summit County near Breckenridge, Dillon and Copper Mountain, makes it a natural trailhead to fun in all four seasons.
 This mountain town opens up the Colorado Mountains to endless possibilities due to its close proximity to Colorado's 26 world-class ski resorts, and not much farther from many more as you head up I-70.  Winter activities are obvious and throughout the Spring, Summer and Fall, visitors can find numerous options for camping, hiking, biking, fishing, rafting and boating, just to name a few.
Due to its popularity as a year-round vacation destination, the nation’s most well-known hotel chains have properties in the area: Marriott, Best Western, Wyndham, Hyatt, Residence Inn, Hampton Inn & Suites, AC Hotel, Ramada, Quality Inn & Suites, La Quinta and many others.  The area also boasts outstanding shopping and dining opportunities.

Property Facts

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Building Size
15,010 SF
Building Class
B
Year Built
2016
Price
£6,009,706
Price Per SF
£400
Net Initial Yield
5.75%
NOI
£345,558
Tenancy
Single
Number of Floors
1
Building FAR
0.30
Lot Size
1.15 AC
Zoning
FPUD

Nearby Major Retailers

Bank of Montreal
Safeway Pharmacy
Starbucks
Whole Foods Market
Wells Fargo Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6516435
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,290,463
  • Listing ID: 33680004

  • Date on Market: 29/10/2024

  • Last Updated:

  • Address: 970 N Ten Mile Dr, Frisco, CO 80443

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