For Sale
$5,000,000

700 Horizon DrGrand Junction, CO 81506

High-yield, stabilized retail strip mall; 8 tenants.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully stabilized, single-story retail shopping center ideally situated on a major thoroughfare in Grand Junction, Colorado. The property encompasses between 12,500 and 17,500 square feet and boasts a strong occupancy rate of 93%, anchored by eight tenants operating under long-term, triple-net (NNN) leases at current market rates. The consistent rental income stream, coupled with a compelling 7.52% capitalization rate, makes this an attractive proposition for discerning investors. The property's prime location ensures high visibility and excellent accessibility, contributing to its sustained success. Built as a single building, the center benefits from efficient management and minimal operational complexities. Furthermore, the leases include rent bumps, providing for future income growth. This well-maintained shopping center represents a rare chance to acquire a stable, high-performing asset in a thriving Colorado market. The address is 700 Horizon Dr, Grand Junction, CO 81506, within Mesa County. The asking price is $5,000,000.

Highlights

  • $5,000,000 asking price for a stabilized retail investment.
  • NNN leased, multi-tenant shopping center in Grand Junction, CO.
  • Eight tenants with 93% occupancy.
  • 12,500 - 17,500 square feet in a single, one-story building.
  • 7.52% cap rate with rent bumps.

Property Details for 700 Horizon Dr

Property type
Lifestyle centers, Power centers
Square Feet
12,500 SF
Buildings
1
Stories
1

Location Insight

City
Grand Junction
County
Mesa
State
Colorado
Latitude
39.106172
Longitude
-108.5441306
700 Horizon Dr, Grand Junction, Colorado

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700 Horizon Dr
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