Mattress Firm
10,000 SF | Retail Building | Grand Junction, CO 81501 | $3,771,000 ($377/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,771,000
- Property Type
-
Retail
- Square Feet
- 10,000 SF
- Price / Square Foot
- $377
Listing Contacts
Ryan Litrich
Verified Profile
- Property Info
Property Overview
REvolve Growth Partners has been exclusively retained to offer for sale this NNN leased top performing Mattress Firm in the heart of a high growth area in Grand Junction, CO. This corporate leased location is the sixth highest performing store in the state of Colorado and top 15% nationwide. The property benefits from being located in a highly visible, high traffic area just off Highway 50 and is surrounded by several prominent national tenants (Walmart, Lowe’s, Sprouts, Hobby Lobby and Sam’s Club) in neighboring anchored centers.
Less than 5 minutes from Downtown, and with a population of over 125,000 within the trade area, this location has access to an attractive consumer base. Nearby campuses of Colorado Mesa University and Western Colorado Community College offer a combined student population of over 15,000.
The original 11-year NNN Lease has a 10% increase in base rent occurring in December 2026, as well as in the 2nd and 3rd option periods. Tenant is responsible for all operating expenses. Landlord is solely responsible for roof and structure (roof warrantied through 2026). A truly passive investment with rental increases to hedge against inflation, this Mattress Firm serves as a successful hub store for the region.
Less than 5 minutes from Downtown, and with a population of over 125,000 within the trade area, this location has access to an attractive consumer base. Nearby campuses of Colorado Mesa University and Western Colorado Community College offer a combined student population of over 15,000.
The original 11-year NNN Lease has a 10% increase in base rent occurring in December 2026, as well as in the 2nd and 3rd option periods. Tenant is responsible for all operating expenses. Landlord is solely responsible for roof and structure (roof warrantied through 2026). A truly passive investment with rental increases to hedge against inflation, this Mattress Firm serves as a successful hub store for the region.
Property Details
- Class
- B
- Year Built
- 2016
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 32,234 SF
Highlights
- Top 6 Store in Colorado, Top 15% Nationally
- Adjacent to Walmart, Lowe's, & Sprouts
- Highly Visible with Direct Access to Major Highway
- Excellent Population Density / Close to Downtown
- 15,000 College Students in Close Proximity
- Within 5 miles of Grand Junction Airport
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