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Off Market
1/4

683 Horizon Dr
Grand Junction, CO 81506


HIGHLIGHTS

  • Fully stabilized, 16,171 SF shopping plaza
  • Strong Safeway shadow anchor
  • Over 86,000 residents within a five-mile radius
  • Located in one of Colorado’s fastest growing metropolitan markets
  • Approximately one mile from Colorado Mesa University, the 5th fastest growing university in the country.
  • Mesa County GDP grew to $7.02 billion in 2018, a 7.5% increase over the prior year, outpacing Colorado’s increase by 4%

OVERVIEW

NAI Mountain Commercial is pleased to offer for sale the fully stabilized, 16,171 square foot, Safeway shadow anchored shopping plaza positioned in one of Colorado’s fastest growing metropolitan markets. Located at the intersection of Horizon Drive and N 12th Street in Grand Junction, CO, The Shoppes on Horizon is part of significant retail concentration that services over 86,000 residents within a five-mile radius. Tenancy is comprised of national and regional brands that are largely e-commerce resistant. The Shoppes on Horizon is 100% occupied and offers the potential for significant NOI growth driven by contractual rent increases. The property is being offered free and clear of all encumbrances. The property is approximately one mile from Colorado Mesa University which has an enrollment of more than 11,000 students, under one mile from I-70 exit 31, which has an AADT of 23,449, and under two miles from Grand Junction Regional Airport, which serviced 456,320 passengers through the third quarter of 2019.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

The Shoppes on Horizon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

16175

STORIES

1

YEAR BUILT

2005

SPRINKLERS

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PARKING SPACES

80

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

2945-012-50-011