NavPoint Real Estate Group Sells 24,048 SF Single Tenant NNN Lease Asset in Pueblo for $2,350,000
navpoint / January 31, 2020
Pueblo, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of a 24,048 SF Single Tenant NNN Lease Asset located at 1411 West US Highway 50 in Pueblo, Colorado.
Since its construction in 1999, the property has been occupied by Staples, a national credit tenant. The property is located in the strongest retail trade area in Pueblo and surrounded by a myriad of newer retail developments, including Lowe’s and Albertson’s.
The asset is located at the junction of I-25 and US Highway 50, one of the highest traffic intersection in north Pueblo. This location has a vast trade area that extends to a 20-count area in Colorado and New Mexico, representing over 370,000 people.
John Witt and Ian Elfner of NavPoint Real Estate Group represented the seller, Evergreen-Hwy 50 & Outlook, LLC, in this transaction. The buyer, NS, Inc., was unrepresented in this transaction.
According to Elfner, “Our team was successfully able to source multiple offers and achieve the results the client was seeking in the disposition of this property through creative research and good, old-fashioned prospect cold-calling.
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