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    2776 Acrin Avenue

    Grand Junction, CO 81503
    • $1,350,000
    • STATUS: Active
    • ON SITE: 24 days
    • MLS #: 20212620
    UPDATED: 66 min ago
    $1,350,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    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.

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    © 2021 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Joe Reed Team | REMAX 4000 Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Joe Reed Team | REMAX 4000 Inc. Data last updated 2021-06-21T21:16:37.263 UTC.

    www.thejoereedteam.com/homes/117647994
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    2776 Acrin Avenue Grand Junction, CO 81503

    • Price: $1,350,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: 20212620
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Orchard Mesa
    County:
    Mesa
    Area:
    Orchard Mesa
    Property 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.
    Exterior Features

    Lot Features Corner Lot Lot Size Dimensions 150 X 300

    Property Features

    Possible Use Retail Property Sub Type Commercial Tax Annual Amount 14933 Zoning Description C-1

    Listing courtesy of Kyle Serrano of Bray/Commercial.
    © 2021 Grand Junction MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Joe Reed Team | REMAX 4000 Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Joe Reed Team | REMAX 4000 Inc. Data last updated 2021-06-21T21:16:37.263 UTC.

     
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    The Joe Reed Team | REMAX 4000 Inc
    120 W. Park Drive #200
    Grand Junction CO, 81505