800 Maldonado St Grand Junction, CO 81501-5712

Property Details for 800 Maldonado St

Year built

2016

Construction

WOOD

Lot size

0.74 lot acres

Property size

9,724 SF

Zone code

C-1

Property type

Retail space

APN

2945-151-53-002

APU

294515153002

Description

This exceptional investment opportunity presents a 10,000-square-foot Mattress Firm store in Grand Junction, Colorado, operating under a triple-net (NNN) lease with a corporate guarantee. The property boasts a strong financial profile, including a 7.00% cap rate and a net operating income (NOI) of $264,000. The lease, originally signed November 5, 2016, has a remaining term of approximately 3 years, extending to November 30, 2027, with built-in rent bumps. Specifically, a 10% rent increase is scheduled for December 2026, and this increase will also apply to the second and third option periods (3-5 year options). The asking price is $3,771,000, translating to $377.10 per square foot. Situated on a 0.74-acre lot at 800 Maldonado St, Grand Junction, CO 81501, this location benefits from high visibility and traffic due to its proximity to Highway 50 and its adjacency to major national retailers such as Walmart, Lowe's, Sprouts, Hobby Lobby, and Sam's Club. The property is less than five minutes from downtown Grand Junction and serves a substantial consumer base exceeding 125,000 people within its trade area. Furthermore, the proximity to Colorado Mesa University and Western Colorado Community College, with a combined student population of over 15,000, adds to the property's appeal. The landlord is responsible for roof and structure maintenance (roof warranty extends to 2026)

Location Insight

City

Grand Junction

County

Mesa

State

Colorado

Longitude

-108.577

Latitude

39.0749

CBSA code

24300

CBSA name

GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments