700 Horizon Dr Grand Junction, CO 81506
- Lifestyle centers
- 12,500 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 700 Horizon Dr
- Property size
- 12,500 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fully stabilized, single-story retail shopping center ideally situated on a major thoroughfare in Grand Junction, Colorado. The property encompasses between 12,500 and 17,500 square feet and boasts a strong occupancy rate of 93%, anchored by eight tenants operating under long-term, triple-net (NNN) leases at current market rates. The consistent rental income stream, coupled with a compelling 7.52% capitalization rate, makes this an attractive proposition for discerning investors. The property's prime location ensures high visibility and excellent accessibility, contributing to its sustained success. Built as a single building, the center benefits from efficient management and minimal operational complexities. Furthermore, the leases include rent bumps, providing for future income growth. This well-maintained shopping center represents a rare chance to acquire a stable, high-performing asset in a thriving Colorado market. The address is 700 Horizon Dr, Grand Junction, CO 81506, within Mesa County. The asking price is $5,000,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Junction
- County
- Mesa
- State
- Colorado
- Longitude
- -108.544
- Latitude
- 39.1062
