Alpine Income Property Trust completed the acquisition of a 6,529-square-foot retail property in downtown Aspen, Colorado, for $10.0 million. The deal closed at an initial cap rate of 8.5% and features a 50-year absolute triple net master lease with annual rent escalators of 1.25%. The tenant is a leading commercial real estate firm that guarantees rent, tax, insurance and maintenance obligations. Located on one of Aspen’s premier retail corridors, the site benefits from an average household income of $187,000 within a five-mile radius, underscoring strong consumer demand and long-term lease security.

With this latest acquisition, Alpine Income Property Trust has expanded its portfolio to 129 properties and maintained a 99% occupancy rate. Since the beginning of the year, management has executed eight commercial property purchases totaling $39.8 million, focusing on free-standing, single-tenant assets leased to creditworthy operators such as Walmart, Sam’s Club and Lowe’s. The company’s $250 million market capitalization positions it to capitalize on mid-market property opportunities that larger REITs may overlook, driving capital appreciation as it scales.

Alpine Income currently offers a 6.5% annual dividend yield, paid on a quarterly basis, significantly above the S&P 500 average yield of approximately 1.4%. Given the trust’s structure and focus on absolute triple net leases, investors benefit from stable cash flows and lease escalations that help offset inflationary pressures. Tax-sensitive investors are encouraged to hold Alpine Income shares in retirement accounts—such as IRAs or 401(k)s—to defer ordinary income tax on distributions until withdrawal.