This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

959 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

117 Navajo Trail Dr

30,000 SF 100% Leased Retail Building Pagosa Springs, CO 81147 $3,968,916 CAD ($132 CAD/SF) 7.89% Cap Rate

Restaurants Colorado Pagosa Springs 117 Navajo Trail Dr, Pagosa Springs, CO 81147

Investment Highlights

  • With 10 out of 13 tenants’ leases expiring at the end of this year, the new owner has a rare opportunity to reimagine the tenant mix
  • 70% of tenants are currently paying below-market rents, providing an immediate and lucrative opportunity to increase rental income.
  • The property offers an impressive stabilized cap rate of 9.36% in year 3, which is over 500 basis points higher than the initial going-in cap rate.
  • This flexibility allows for significant rent adjustments to bring all leases up to current market levels, optimizing the potential of the property
  • By aligning rents with the current market, the property can achieve higher revenue with minimal additional investment.
  • This substantial increase highlights the strong potential for value appreciation and income growth over the short term.

Executive Summary

Brayden Connor
License No. ER.100106933 (CO)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
30,000 SF
Building Class
C
Year Built
1997
Price
$3,968,916 CAD
Price Per SF
$132 CAD
Cap Rate
7.89%
NOI
$313,147 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
2.89 AC
Zoning
COMMERCIAL

Links

1 of 1
117 Navajo Trail Dr, Pagosa Springs, CO - aerial map view

Nearby Major Retailers

Curves
CrossFit
Citizens Bank
City Market
Starbucks

PROPERTY TAXES

Parcel Number 569920405012 Improvements Assessment $807,639 CAD
Land Assessment $203,394 CAD Total Assessment $1,011,033 CAD

PROPERTY TAXES

Parcel Number
569920405012
Land Assessment
$203,394 CAD
Improvements Assessment
$807,639 CAD
Total Assessment
$1,011,033 CAD
(720) 800-9756

Contacts

  • Listing ID: 33401314

  • Date on Market: 2024-10-03

  • Last Updated:

  • Address: 117 Navajo Trail Dr, Pagosa Springs, CO 81147

The Retail Property at 117 Navajo Trail Dr, Pagosa Springs, CO 81147 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

Nearby Listings

1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/3
117 Navajo Trail Dr, Pagosa Springs, CO for sale Building Photo- Image 1 of 3
117 Navajo Trail Dr
117 Navajo Trail Dr, Pagosa Springs, CO for sale Aerial- Image 2 of 3
Aerial View

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

117 Navajo Trail Dr
(720) 800-9756 x

117 Navajo Trail Dr

1/2

Spencer Tyoran

(720) 800-9756

(720) 800-9756

Conrad Sarreal

(214) 692-2847

(214) 692-2847

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link