Price: $708,088
Cap Rate: 7.00%
Total NOI: $49,566
Square Footage: 8,672
Year Renovated: 2014
This is a unique opportunity to acquire a single tenant corporately guaranteed Family Dollar in Pueblo, CO. Family Dollar has a 30 year operating history and has expressed interest to extend their lease an additional 5 years commencing in January 2022. Family Dollar has scheduled increases in rent throughout each option period. The essential business quality of Family Dollar makes their business recession proof. This is a great opportunity for an investor looking for a safe and secure investment with a strong investment grade corporate guarantee in a growing market.
In cooperation with local Colorado Broker - Justin Krieger - FA. 100015216
Pueblo is a city in southern Colorado with a population of 110,841 (2019). The Historic Arkansas Riverwalk is an urban development, with boat rides, public art and events. The project commemorates the river’s original location, before it was diverted in the wake of a 1921 flood. El Pueblo History Museum has a recreated 1840s trading post and artifacts tracing the city’s past. To the west, Lake Pueblo State Park is a popular fishing, boating and camping spot.
