322 Bayfield Center Dr
Bayfield, CO 81122

EXIT Realty is pleased to offer for sale to qualified investors a Family Dollar located at 322 Bayfield Center Drive in Bayfield, CO. Built in 2010, Family Dollar is currently operating under their initial lease that expires on June 30th, 2027. The lease has five (5), 5-year options remaining with 10% increases with every option period. Bayfield, CO is located in La Plata County a bedroom community about 20 miles north of Durango, CO. The property is located in a Business Park off of Highway 160 with other retailers and merchants including Lewis True Value, First National Bank of Durango, Mercy Medical and San Juan Regional Clinics, the Pine River Library, and Family Dollar. HIGHLIGHTS: Corporate Guaranty NOI - $94,500 CAP RATE - 7.2% Initial lease term June 18, 2010 - June 30th 2027 Fixed rent through lease term at $7,875 9 years remaining Lease Term 5, 5-Year options with 10% rent escalations for each option NN Lease Lot size: 1.11 AC 8000 SF Minimal landlord responsibilities include, parking lot, roof & structure Tenant Responsibilities: HVAC Great 1031 Deferred Tax Exchange opportunity for investor ABOUT THE TENANT: Dollar Tree recently acquired Family Dollar, Inc., now considered the nation’s largest small-box discount retailer with more than 13,000 stores nationwide. Family Dollar operates under a landlord friendly net lease structure. As a result, freestanding Family Dollar retail stores provide an attractive combination of a long-term lease and a growing market concept that continues to capture value conscious shoppers, which boosts store productivity. With locations across 45 states, Family Dollar retail stores allow investors to evaluate property in metropolitan and rural settings. The Family Dollar net lease typically requires minimal responsibilities from the landlord, limited only to roof & structural maintenance while the tenant is responsible for insurance, taxes and all other maintenance and repairs.