381 Colorado Drive

Description

Acquire the dominant, grocery-anchored retail center in Bayfield, CO, which includes the highly profitable, turnkey grocery store business. The investment is structured in two distinct parts for maximum buyer flexibility: the Entire Asset (Real Estate + Business) is priced at $6,500,000, while the separate Grocery Store Business only can be purchased for $3,000,000. The entire retail center is a substantial asset totaling 21,100 Rentable Square Feet across 10 commercial suites and maintains a high occupancy rate. The property also generates additional revenue from specialty vendors and kiosks located within the parking lot. The tenant base is anchored by the community's sole grocer, which boasts a proven operational track record of over 30 years at this location. Strategically positioned just off State Highway 160, the property benefits from a high traffic visibility of 9,700 vehicles AADT. A major value-add opportunity exists due to current lease structures, which are notably below comparable market rates, providing a clear and substantial path to Net Operating Income (NOI) growth upon tenant renewal. This positioning allows an investor to capture significant rental upside, turning this essential community asset into a high-performing investment vehicle.