Dollar General NNN Retail
For Sale
Contact for pricing
492 30 RD, Grand Junction, CO 81504
Recently built retail property with long-term NNN lease structure at a signalized intersection.
Property Size10,542 SF
Price / SF$221.12
Days on Market14
Property Features for 492 30 RD
General Information
Standard status
Active
Size
10,542 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$139,886
Building Details
Year Built
2023
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
The Boulder Group - Denver
(720) 604-2256
Listed By:
Zach Wright · License #IL 475164965
Source:
Crexi
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 5:16PM
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 The Boulder Group - Denver
Investment Insights
Based on property information with market context.
The Dollar General retail property contains 10,542 square feet and was built in 2023. It is offered with a long-term NNN lease structure, providing a defined contractual framework for the occupancy.
The property is located at 492 30 RD in Grand Junction, Colorado, at a signalized intersection. The surrounding area includes 68K people within 3 miles, adding measurable population context to the site.
The property is located at 492 30 RD in Grand Junction, Colorado, at a signalized intersection. The surrounding area includes 68K people within 3 miles, adding measurable population context to the site.
Key Highlights
- 10,542 SF retail property
- Built in 2023
- Long‑term NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$99,994
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,999,880
$2.0M
Cap Rate 7%
$1,428,486
$1.4M
Cap Rate 9%
$1,111,044
$1.1M
Market Conditions
NOI Build-Up for 10,542 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$151.8K $14.40/SF
− Vacancy
−$9.0K −$0.85/SF
EGI
$142.8K $13.55/SF
− OpEx
−$42.9K −$4.07/SF
NOI
$100.0K $9.49/SF
Area
Mesa County, CO
Vacancy
5.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,999,880
Cap Rate 7%
$1,428,486
Cap Rate 9%
$1,111,044
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $99,994 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$20.01M
$17.50M – $23.34M
NOI $1,400,399 @ 7.0% cap · market cap 60.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 81504, CO
31,150
Population
13,042
Households
2.4
Avg Household Size
38
Median Age
21%
College-Educated
91%
High-School Grad
26.9 sq mi
ZIP Area
1,158
Density / Sq Mi
$67,907
Median Household Income
$40,402
Median Earnings
$1,414
Median Rent
$290,300
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 - Recently built retail property with long-term NNN lease structure at a signalized intersection.
Where is this nnn property located?
The property is located at 492 30 RD Grand Junction, CO.
What is the asking price?
The asking price for this property is $2,331,000.
What are key features of this property?
This property features: 10,542 SF retail property; Built in 2023; Long‑term NNN lease structure
