Alta Convenience

315 8th Street in Saguache, Colorado presents an opportunity to acquire an established fuel and convenience retail property leased to Alta Convenience. Offered at $2,308,000 at a 6.5% cap rate, the 1,290-square-foot property sits on a 13,068-square-foot lot and generates $150,000 in Year-One NOI. Located along 8th Street near Gunnison Avenue and US Highway 285, the property benefits from local and regional traffic and features four fuel pumps and nine parking spaces. With a 62-year operating history and an established regional tenant operating 164 locations, the absolute NNN lease extends through January 2041 with 7.5% rent increases every five years, offering investors stable cash flow and limited landlord responsibilities.315 8th Street in Saguache, Colorado presents an opportunity to acquire an established fuel and convenience retail property leased to Alta Convenience. Offered at $2,308,000 at a 6.5% cap rate, the 1,290-square-foot property sits on a 13,068-square-foot lot and generates $150,000 in Year-One NOI. Located along 8th Street near Gunnison Avenue and US Highway 285, the property benefits from local and regional traffic and features four fuel pumps and nine parking spaces. With a 62-year operating history and an established regional tenant operating 164 locations, the absolute NNN lease extends through January 2041 with 7.5% rent increases every five years, offering investors stable cash flow and limited landlord responsibilities.