2779 Acrin AveGrand Junction, CO 81503
- Land
- 1.14 AC
Property Details for 2779 Acrin Ave
- Lot size
- 1.14 AC
- Zone code
- C-1
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 2945-254-40-011
- APU
- 294525440011
Description
This exceptional investment opportunity presents a brand-new, single-tenant Starbucks building in Grand Junction, Colorado. Constructed in 2024, the 2,200-square-foot building sits on a 1.14-acre lot boasting high visibility from US-50, within a thriving commercial area featuring restaurants and parks. The property benefits from a 10-year lease (9 years remaining) with a corporate guarantee, a triple-net (NNN) lease structure, and four five-year options to extend, ensuring long-term stability and predictable income. The building includes desirable features such as a drive-through, ample paved and lit parking, a 1,500-gallon grease trap, and a new HVAC system. The asking price is $3,397,000, representing a 5% cap rate. The property's prime location and strong tenant ensure a compelling return on investment. Landscaping is nicely maintained. This is a turnkey investment ready for immediate income generation. The building is a single-story structure.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $10,445,669
- Hospitality
- $9,568,177
- Educational
- $7,960,611
- Medical
- $8,234,388
- Retail
- $12,383,173
Location Insight
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Latitude
- 39.0391
- Longitude
- -108.537
- CBSA code
- 24300
- CBSA name
- GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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