Grand Junction, CO
Price: $2,950,000
Cap Rate: 8.18%
OFFICE DEPOT
2455 US-6 | Grand Junction, CO 81505
Blue West Capital is pleased to present the sale of Office Depot, a 20,996 SF single-tenant retail property located in Grand Junction, Colorado.
Office Depot is located in Grand Junction, the county seat of Mesa County and the largest city in Colorado’s Western Slope. There are approximately 80,000 people living within a five mile radius and the building is positioned along the trade area’s primary thoroughfare (Highway 50 & Highway 6). Retailers in the immediate corridor include Home Depot, Target City Market, Best Buy, CVS, Walmart Supercenter, Lowe’s, Sprouts, Natural Grocers, TJ Maxx, Sam’s Club and many others.
- Recent early lease extension with approximately 6 years remaining
- Priced below replacement cost ($148/SF)
- Minimal landlord responsibilities (roof and structure)
- Rental increases in each renewal option period
OFFERING SUMMARY
Price: $2,950,000
Cap Rate: 8.18%
Year Built: 1998
Building Size: 20,996 SF
INVESTMENT CONTACT
ROBERT EDWARDS – LEAD
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com
TOM ETHINGTON
Managing Partner
Investment Sales
720.966.1624
Tom@BlueWestCapital.com
SHAWN DICKMANN
Analyst
Investment Sales
720.828.8310
Shawn@BlueWestCapital.com
ZACH WRIGHT
Director
Net Lease Investment Sales
720.966.1628
Zach@BlueWestCapital.com
BRANDON GAYESKI
Associate
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com