Red Cliff Pointe
54,298 SF | 60% Leased | Retail Building | Grand Junction, CO 81501 | $5,100,000 ($94/SF) | 7.10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,100,000
- Property Type
-
Retail
- Square Feet
- 54,298 SF
- Price / Square Foot
- $94
Listing Contacts
Shawn Dickmann
Verified Profile
Josh Lorenzen
Verified Profile
- Property Info
Property Overview
Blue West Capital is pleased to exclusively offer for sale Red Cliff Pointe, a value-add neighborhood center in Grand Junction, CO – the county seat of Mesa County. This multi-tenant commercial property spans 54,358 square feet, sits on 4.36 acres, and is zoned Mixed-Use (MU-2), allowing for storage, retail, manufacturing, healthcare, education, and many other uses.
Red Cliff Pointe is strategically located at the signalized intersection of North Avenue and 28 Rd, with visibility to over 30,000 vehicles per day. North Avenue is a major east-west thoroughfare in the city. The center also benefits from significant foot traffic due to anchor tenants CSL Plasma (S&P: A-), Aerocare/AdaptHealth (S&P: B+), and Comfort Dental (#1 in the state, and #2 nationwide according to Placer.ai).
Since the 2020 census, Grand Junction has grown by 7.48%, with an annual growth rate of 1.77%, supported by a diverse economy in healthcare, education, tourism, and energy. Colorado Mesa University and several major healthcare facilities, including St. Mary’s Medical Center, contribute to its economic stability. The region is also known for its outdoor recreational opportunities, attracting year-round tourists for activities such as hiking, biking, and wine tasting in the nearby vineyards. This combination of accessibility, economic stability, and lifestyle appeal makes Grand Junction an attractive location for residents and businesses.
Red Cliff Pointe is strategically located at the signalized intersection of North Avenue and 28 Rd, with visibility to over 30,000 vehicles per day. North Avenue is a major east-west thoroughfare in the city. The center also benefits from significant foot traffic due to anchor tenants CSL Plasma (S&P: A-), Aerocare/AdaptHealth (S&P: B+), and Comfort Dental (#1 in the state, and #2 nationwide according to Placer.ai).
Since the 2020 census, Grand Junction has grown by 7.48%, with an annual growth rate of 1.77%, supported by a diverse economy in healthcare, education, tourism, and energy. Colorado Mesa University and several major healthcare facilities, including St. Mary’s Medical Center, contribute to its economic stability. The region is also known for its outdoor recreational opportunities, attracting year-round tourists for activities such as hiking, biking, and wine tasting in the nearby vineyards. This combination of accessibility, economic stability, and lifestyle appeal makes Grand Junction an attractive location for residents and businesses.
Property Details
- Class
- B
- Year Built
- 1990
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Manufacturing, Storefront, Medical
- Lot Size (sq. ft)
- 189,922 SF
Highlights
- Value-Add Opportunity: 9.36% CAP Pro-Forma | 80% Occupancy | $94/SF.
- Growing Population: Grand Junction's population has grown by 7.48% since 2020, with an annual growth rate of 1.77%.
- Anchor Tenants: CSL Plasma (S&P: A-), Aerocare/AdaptHealth (S&P: B+), Comfort Dental (#1 in the state & #2 nationwide - Placer.ai)
- NNN Leases - reimburse property management expenses
- MU-2 Zoning: Storage, retail, medical, manufacturing, education, and many more
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