Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple, single-tenant retail property in Fruita, Colorado, within the Grand Junction MSA. The 14,406 square foot building, constructed in 2007, is 100% occupied by a credit-rated Walgreens under an absolute NNN lease with a corporate guarantee, expiring June 30, 2033. This provides a substantial remaining lease term of 8.6 years, offering significant long-term stability. The property boasts a strong sales history and a current net… operating income (NOI) of $355,000, translating to a 6.80% cap rate and a price per square foot of $362.35. Located at 316 W Aspen Ave, 81521, this highly visible property sits on a signalized corner, offering excellent accessibility and exposure. Its strategic location is further enhanced by its proximity to Interstate 70 and James M. Robb - Colorado River State Park. The lease includes fifty, one-year options, providing additional long-term growth potential. An assumable loan with a favorable 3.82% interest rate is available (see offering memorandum for details). All property maintenance responsibilities fall solely on the tenant. This is a rare opportunity to acquire a high-performing Walgreens location with minimal landlord responsibilities and significant upside potential. The property's APN is 2697-172-29-002.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Nov 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 14,406 SF
- Lot area
- 1.77 ac
- Year built
- 2007
- Stories
- 1
- APN
- 2697-172-29-002
- Zoning
- DCRD
- Assessed value · 2023
- $713,800
- Annual tax · 2023
- $58,224
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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- Zoning Insight
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- 1,500 Targeted Leads a month
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- Lead Lists by Intent
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- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
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- Local Market trends
- Zoning Insight
- Location Analytics
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