2779 Acrin AveGrand Junction, CO 81503

  • Land
  • 1.14 AC
For Sale
$3,397,000 View listing

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
2779 Acrin Ave, Grand Junction, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,885
$24,690
-
$24,690
-
$88,500
-
$88,500

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