1956 Highway 6&50
About this property
8% cap rate! Unique investment opportunity with strong tenant base. NOI is $80,000+. This mixed-use property features a 6000 SF, recently remodeled school building and a 6000 SF warehouse on 2 acres. A Montessori school in year one of a five-year modified gross lease makes an excellent tenant and ensures exemption from some property taxes. The warehouse tenant is in year one of a three-year modified gross lease. Property located just off Hwy 6&50 in the beautiful, growing city of Fruita.
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Presented By Coldwell Banker Distinctive Properties, Telluride
Fruita | County |
Schools in the Area