Vacant-User
Bayfield Shopping Center
381 E Colorado Dr, Bayfield, CO 81122
Listing Price: $5,500,000
Investment Overview
Marcus & Millichap, in conjunction with United Country Real Estate, is pleased to present the Bayfield Marketplace, a 21,100 rentable square foot grocery anchored retail center located in Bayfield, CO. Also included in the offering is the highly profitable grocery store business, which is the only grocer in Bayfield and is currently owned and operated by the seller. The retail center is located just off State Highway 160, which spans the majority of southern Colorado and is 93.8% occupied. Bayfield is approximately 18 miles from Durango, CO in the county of La Plata.
The retail center is currently occupied by 7 tenants, with a WALT of 2 years and an average rental rate of $12.13 per square foot (Full Service Gross), which is far below market for comparable lease rates. This presents an opportunity for an investor to substantially increase rents on future lease renewals. The grocer, Southwestern Foods, Inc, has an extensive track record of successful operation, having occupied the property continuously since 1991.
The grocery store business has been priced at $2,600,000 based on various industry valuation methods. The retail center itself is priced at $2,900,000 which reflects a 7.81% capitalization rate and $137.44 per rentable square foot. The total price for this offering is $5,500,000.
Investment Highlights
- SBA Financing Available- 85% LTV
- Grocer has 30+ years of Continuous Successful Operations at the Property
- Only grocer in Bayfield
- Located Just Off Hwy 160- ADTC -9600 cars
Exclusively Listed By
Financing By
Listing Price: $5,500,000
Investment Highlights
- SBA Financing Available- 85% LTV
- Grocer has 30+ years of Continuous Successful Operations at the Property
- Only grocer in Bayfield
- Located Just Off Hwy 160- ADTC -9600 cars
Investment Overview
Marcus & Millichap, in conjunction with United Country Real Estate, is pleased to present the Bayfield Marketplace, a 21,100 rentable square foot grocery anchored retail center located in Bayfield, CO. Also included in the offering is the highly profitable grocery store business, which is the only grocer in Bayfield and is currently owned and operated by the seller. The retail center is located just off State Highway 160, which spans the majority of southern Colorado and is 93.8% occupied. Bayfield is approximately 18 miles from Durango, CO in the county of La Plata. The retail center is currently occupied by 7 tenants, with a WALT of 2 years and an average rental rate of $12.13 per square foot (Full Service Gross), which is far below market for comparable lease rates. This presents an opportunity for an investor to substantially increase rents on future lease renewals. The grocer, Southwestern Foods, Inc, has an extensive track record of successful operation, having occupied the property continuously since 1991. The grocery store business has been priced at $2,600,000 based on various industry valuation methods. The retail center itself is priced at $2,900,000 which reflects a 7.81% capitalization rate and $137.44 per rentable square foot. The total price for this offering is $5,500,000.
Exclusively Listed By
Financing By

