$1,350,000

2776 Acrin Avenue

Grand Junction CO, 81503

Description

Commercial Investment - Family Dollar leaseback, corporately guaranteed NN lease with new 5-year renewal term. 6.5% Cap Rate - $87,120/year annual rent - 3 additional 5-year options available at the end of term (8/1/2026), each with 10% escalators. Tenant has been in the building over 13 years and plans to preform a full H2 remodel in 2021. Building was constructed in 2008, consisting of 9,180 SF, and is located adjacent to multiple new commercial developments.

Details

MLS#20212619
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site22

Features

ZoningC-1
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Area Information
StateCO
CountyMESA
CityGrand Junction
Zip Code81503
AreaOrchard Mesa
Listing VS Median (in 81503)
Price:
$1,350,000
low | high
Med:
$74,900
100% of Average
On Site:
22
low | high
Med:
638
3.448275862069% of Average
Sourced by Back At You
Listing Updated: June 18, 2021 11:43:35 AM PDT
KYLE SERRANO LogoMLS Number: 20212619
Listing Provided By:
KYLE SERRANO  of  BRAY COMMERCIAL

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