DENVER, CO – [December 9, 2025] – Blue West Capital successfully represented the buyer in the acquisition of a single-tenant Alta convenience store and Conoco gas station located at 337 W 1st Street in Salida, Colorado. The property sold for $2,000,000, at a 7.38% cap rate.
The asset features a brand-new 15-year absolute NNN lease with 1.5% annual rent increases, providing long-term income durability. Blue West Capital's Tom Ethington, Robert Edwards, and Noah Harrison represented a repeat Colorado-based investor in the transaction.
Located along W 1st Street in the heart of Downtown Salida, the property benefits from strong visibility and traffic within one of Colorado’s most active outdoor recreation destinations. Chaffee County attracts approximately 4 million visitors annually, driven by year-round tourism tied to rafting, skiing, mountain biking, and hiking.
Additional highlights include fee simple ownership, potential bonus depreciation, and a strong corporate guarantee from CF Altitude, LLC, which operates more than 164 locations nationwide.
Net-lease convenience assets continue to attract capital, particularly when paired with strong guarantees and long-term absolute NNN structures. With 100% bonus depreciation back in play, investors are taking a fresh look at how assets like this can enhance after-tax returns in 2026 and beyond."
Tom Ethington, Managing Partner
Blue West Capital currently represents multiple active buyers seeking additional single-tenant net-lease investment opportunities nationwide.
PR Contact
Noah Harrison
(720) 464-7488
Noah@BlueWestCapital.com
Be the first to know about new investment properties.
Subscribe to our mailing list
