242 9Th St, Burlington, CO 80807
6,600 SF | 100% Leased | Retail Building | Burlington, CO 80807 | $399,000 ($60/SF)
For Sale
Active
Asking Price $399,000
- Property Type
-
Retail
- Square Feet
- 6,600 SF
- Price / Square Foot
- $60
Listing Contacts
Tyson Reents
Property Overview
Family-owned for 21 years / Excellent reputation / High growth potential: Established in 2002, William’s Floral and Garden Center has provided Eastern Colorado and Western Kansas with high-quality plants, shrubs, trees, soil conditioners, landscape tooling, and floral arrangements to both contractors and residential clients for 21 years. Through fair business practices and a low-cost business model, this company has secured a large customer base who return each year for their floral and garden needs. The business is located 1 block off Burlington’s main thoroughfare, Rose Avenue, and two blocks off Interstate 70 Exit 438, making this retail location excellent for traffic flow. The property consists of an 11, 000 s/f landscape display area with a pergola complete with irrigation lines throughout. The retail store is all under 6600 s/f building and greenhouse. Outback is bulk aggregate storage and overflow parking totaling approximately 26, 000 s/f. along with an 1140 s/f metal storage building. Out front is paved parking totaling 10, 500 s/f with an additional 2400 s/f of gravel overflow parking. The growth potential of this company is extremely high for a motivated and aggressive entrepreneur. All FFE is included in this sale. After 21 years in the business, they have achieved an impressive level of success with minimal marketing. With few competitors in the market area and room to expand on-site, a new owner has countless possibilities to expand this reputable business.
Cap rate: 26.32%
NOI: $106,639
Cap rate: 26.32%
NOI: $106,639
Property Details
- Year Built
- 1997
- Stories
- 1
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