Description

We are offering a 13,230 square foot, two-tenant retail investment at 401 US Highway 24 North in Buena Vista, Colorado. The building was constructed in 1995 on 1.65 acres and is 100 percent leased on NNN terms, producing net operating income of $159,572. Pricing is available by contacting the listing team.

Family Dollar, a subsidiary of Dollar Tree, occupies 9,530 square feet on the first floor under a lease that runs through June 30, 2030, with two five-year renewal options. Little Daisy Liquor occupies the 3,700 square foot garden level under a lease running through July 31, 2031. The pairing of a national credit tenant with an established local operator gives the income stream both stability and diversity.

Because both leases are NNN, landlord responsibilities are limited, which makes the property well suited to a passive investor or a 1031 exchange buyer looking for dependable cash flow in a growing mountain community. Scheduled rent steps in the leases provide built-in income growth over the remaining terms.

The center has more than 147 feet of frontage on US Highway 24, the main route between Poncha Springs and Leadville, and it draws from Buena Vista's residents, the wider Chaffee County community and the many visitors who come to the Arkansas Valley for rafting, hiking and the Collegiate Peaks. Contact Dallas Sandberg, Corey Sandberg or Keith Lenz of Pinnacle Real Estate Advisors for the offering memorandum and pricing guidance.