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.