2525 Broadway - Service Station FOR SALE


Grand Junction, CO 81507
$2,603,000 USD
720-604-2220
2525 Broadway, Grand Junction, CO for Sale
$2,603,000 USD
Service Station - FOR SALE
1/7
null | 6% Cap Rate

2525 Broadway
Grand Junction, CO 81507


HIGHLIGHTS

  • Located in Grand Junction, the largest city and economic hub of Colorado’s Western Slope
  • Long-term lease with over 15 years remaining
  • Absolute triple net lease with no landlord responsibilities
  • 7.5% rental increases every five years
  • Positioned at the hard corner of a heavily trafficked signalized intersection with 29,000 vehicles per day
  • Located catty-corner to a top performing Safeway (86th percentile in CO on placer.ai) grocery store and shopping center

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant Alta Convenience Store in Grand Junction, CO. The property is strategically located at a heavily trafficked signalized intersection just west of Downtown Grand Junction and is catty corner to a top performing Safeway grocery store and shopping center. Grand Junction is the economic hub and largest city on Colorado’s Western Slope and continues to experience strong population growth. There are currently over 41,000 people living within three miles of the property. The corporate net lease has over 15 years remaining and features 7.5% rental increases every five years. The lease is absolute triple net with no landlord responsibilities. The tenant, CF Altitude, LLC, operates approximately 165 locations across Colorado and the Midwest and is headquartered in Greenwood Village, CO. In 2024, CF Altitude LLC merged with Apro, LLC (United Pacific/Rocket).

FOR SALE DETAILS

PRICE

$2,603,000 USD

PRICE/SF

$1,722 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alta

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Auto Repair, Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C-1

APN/PARCEL ID

2945-153-00-103

ASK ABOUT THIS PROPERTY

Zach WrightThe Boulder GroupMore Info
720-604-2220

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Zach WrightThe Boulder GroupMore Info
720-604-2220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.