JCPenney NNN Retail
For Sale
Contact for pricing
3400 S Rio Grande Ave, Montrose, CO 81401
Fully occupied department store supported by an absolute NNN ground lease with renewal options and contractual rent increases.
Property Size88,000 SF
Days on Market145
Property Features for 3400 S Rio Grande Ave
General Information
Standard status
Active
Size
88,000 SF
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Northmarq San Diego
(818) 907-4690
Listed By:
Mike Philbin · License #CA 01922822
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 7:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq San Diego
Investment Insights
Based on property information with market context.
The property comprises an approximately 88,000-square-foot department store occupied by J. C. Penney Corporation, Inc. Ownership conveys the fee simple interest, subject to an absolute NNN ground lease. The lease originated in August 2007 with a 20-year initial term and provides more than ten years of primary term remaining as of the source date.
The lease includes eleven five-year renewal options, with rent scheduled to increase by 10% at the beginning of each extension period. The property is located at 3400 S Rio Grande Ave in Montrose, Colorado. JCPenney operates more than 1,000 stores across the United States and Puerto Rico.
The lease includes eleven five-year renewal options, with rent scheduled to increase by 10% at the beginning of each extension period. The property is located at 3400 S Rio Grande Ave in Montrose, Colorado. JCPenney operates more than 1,000 stores across the United States and Puerto Rico.
Key Highlights
- Approximately 88,000‑square‑foot department store
- Fully occupied by J. C. Penney Corporation, Inc.
- Absolute NNN ground lease with fee simple ownership
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
207k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 26%
Dining 22%
Superstores 22%
Shops & Services 18%
Target
Superstores
44,680 visits/mo
0.1 miles
Culver's
Dining
21,952 visits/mo
0.2 miles
Ross Dress for Less
Apparel
20,247 visits/mo
0.2 miles
Marshalls
Apparel
19,119 visits/mo
0.2 miles
Natural Grocers
Groceries
14,517 visits/mo
0.2 miles
Demographics for 81401, CO
23,266
Population
10,782
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
91%
High-School Grad
200.2 sq mi
ZIP Area
116
Density / Sq Mi
$63,541
Median Household Income
$36,548
Median Earnings
$1,090
Median Rent
$343,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied department store supported by an absolute NNN ground lease with renewal options and contractual rent increases.
Where is this nnn property located?
The property is located at 3400 S Rio Grande Ave Montrose, CO.
What are key features of this property?
This property features: Approximately 88,000‑square‑foot department store; Fully occupied by J. C. Penney Corporation, Inc.; Absolute NNN ground lease with fee simple ownership
