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FOR SALE: Colorado Strip Mall near Crested Butte

December 9, 2011 By Leave a Comment
TMO Inc. Thomas Morgan, CCIM – (866) 539-1777
Retail Property For Sale
Colorado Strip Mall near Crested Butte
720-730 North Main, Gunnison, CO 81230
 720-730 North Main, Gunnison, CO 81230
720-730 North Main, Gunnison, CO 81230
Price: $1,250,000
Building Size: 8,904 SF
Price/SF: $140.39
Property Type: Retail
Property Sub-type: Free Standing Bldg
Property Use Type: Net Lease Investment with 4 years left on lease
Commission Split: 2.5%
Cap Rate: 7.50%
No. Stories: 1
Tenancy: Multiple
Year Built: 1996
Tax ID / APN #: R024535, R032037, R032038, R032039, R032040, R032041
Last Verified 12/9/2011
Listing ID 15774623

Map of 720-730 North Main, Gunnison, CO 81230 (Gunnison County)

Find out more about 720-730 North Main, Gunnison

Highlights
Walmart & City Market Anchored PUD
NNN leases
6 condo units can be sold separately
Metal Bldg in Excellent Condition
Strong Main Street Visibility & Traffic Count
Gunnison is gateway to Crested Butte

Description
NNN leased single building strip center in Walmart and City Market PUD. Stable historical occupancy with very low management responsibility. Building is being sold as whole building but is already divided into 6 condominiumized retail units ready for individual deeded resale. Condo Association handles most day-to-day property management, making ownership management required minimal. Plenty of parking for all businesses with good visibility from Hwy 135.
Gunnison is home to Western State College, Blue Mesa Reservoir, Hartman Rocks, Black Canyon of the Gunnison Nat’ l Park, and Taylor Reservoir which all support a fantastic tourist economy. Sitting at the junction of Hwy 50 (major E/W corridor through South Central Colorado) and Hwy 135 (N/S access route from Gunnison to Crested Butte), places Gunnison at the front porch of the Crested Butte Ski Area. The Gunnison County Airport supports daily jet traffic from several major air carriers. The town of Gunnison has a population of 5,400 residents with WSU boasting an additional 2,400 students. Gunnison serves as the county seat to Gunnison County, home to over 14,000 people and cared for by the Gunnison Valley Hospital located just east of the subject property.

Financial Summary
  Proforma
Scheduled Gross Income $136,127
Net Operating Income $93,750

Debt & Equity Information
Debt Type Existing 
Loan Amount $700,000 
Loan Description
assumable

Additional Photos
from hwy
from hwy

covered walk
covered walk
outside eating
outside eating

rear of building
rear of building
TMO Inc. Thomas Morgan, CCIM – (866) 539-1777
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
 
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Colorado Strip Mall For Sale | Colorado Commercial Real Estate

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About Thomas Morgan, CCIM

Thomas Morgan, CCIM aka "TMO" extracts hidden value from real estate nationwide. Thomas sees opportunity where others see problems; his clients build wealth in the process. 1.866.539.1777 Based near Aspen Colorado with global reach, Thomas can help you with passive income investments, wealth building through real estate, development, consulting and Aspen luxury homes and Aspen area commercial real estate.

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