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Auto Service - Gas-Conv

Alta | Absolute NNN Corporate Lease

1501 Central Ave, Cañon City, CO 81212

Listing Price: $870,000

Cap Rate
6.50%
Tenant Name
Alta
Years Remaining On Lease
16.0
Guarantor
Corporate Guarantee
Rentable SF
3,021
Lease Type
Absolute Net
Rent Per Square Feet
$18.76

Investment Overview

Subject property is a corporate leased Alta Convenience C-Store/Gas Station in Cañon City, CO. It has 16 years remaining in the current term of an absolute NNN Lease with rental increases in 2026, 2031, 2036, and each of its four, 5-year options. The Tenant subleases part of the building to a laundromat for $500/month.

Investment Highlights

  • Corporate Lease with 16 Years Remaining
  • Rental Increases in 2026, 2031, 2036, and in Options
  • Potential Bonus Depreciation Opportunity

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Auto Service - Gas-Conv

Alta | Absolute NNN Corporate Lease

Listing Price: $870,000

Cap Rate
6.50%
Tenant Name
Alta
Years Remaining On Lease
16.0
Guarantor
Corporate Guarantee
Rentable SF
3,021
Lease Type
Absolute Net
Rent Per Square Feet
$18.76

Investment Highlights

  • Corporate Lease with 16 Years Remaining
  • Rental Increases in 2026, 2031, 2036, and in Options
  • Potential Bonus Depreciation Opportunity

Investment Overview

Subject property is a corporate leased Alta Convenience C-Store/Gas Station in Cañon City, CO. It has 16 years remaining in the current term of an absolute NNN Lease with rental increases in 2026, 2031, 2036, and each of its four, 5-year options. The Tenant subleases part of the building to a laundromat for $500/month.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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