Petsmart, Grand Junction, CO 81505
26,045 SF | Retail Building | Grand Junction, CO 81505 | $6,145,000 ($236/SF) | 6% Cap Rate
For Sale
Active
5 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 9 days
Asking Price $6,145,000
- Property Type
-
Retail
- Square Feet
- 26,045 SF
- Price / Square Foot
- $236
Listing Contacts
Eric Carlton
Verified Profile
Jereme Snyder
Verified Profile
Jay Landt
Verified Profile
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to purchase an absolute NNN PetSmart in Grand Junction, CO. With over 10 lease years remaining in the primary term, four 5-year option periods, rent increases every option period, and no landlord responsibilities, this asset is ideal for an investor seeking effortless cash flows.
PetSmart, the largest pet specialty chain in the U.S., operates over 1,600 stores with 750+ in-store vet clinics and has successfully operated at this location for over 25 years. Demonstrating the strength of this location, the tenant has recently exercised an option to extend their lease into 20234. The 26,045 SF building on 2.42 acres is strategically located on the hard corner signalized intersection of Patterson Road (31,913 VPD) and Mesa Mall North entrance. The subject property is directly opposite the 800,000+ SF Super regional Mesa Mall with anchor tenants including Target, HomeGoods, Dick’s Sporting Goods, Cabela’s, Dillard’s and JOANN. Other nearby retailers include The Home Depot, Best Buy, Kohl’s, ULTA Beauty, City Market, Wells Fargo, McDonald’s, Wendy’s and Taco Bell.
This is a great opportunity to acquire a PetSmart in Colorado with strong demographics, 10 lease years remaining, 20 years in options, rent increases and zero landlord responsibilities providing years of inflation resistant income.
PetSmart, the largest pet specialty chain in the U.S., operates over 1,600 stores with 750+ in-store vet clinics and has successfully operated at this location for over 25 years. Demonstrating the strength of this location, the tenant has recently exercised an option to extend their lease into 20234. The 26,045 SF building on 2.42 acres is strategically located on the hard corner signalized intersection of Patterson Road (31,913 VPD) and Mesa Mall North entrance. The subject property is directly opposite the 800,000+ SF Super regional Mesa Mall with anchor tenants including Target, HomeGoods, Dick’s Sporting Goods, Cabela’s, Dillard’s and JOANN. Other nearby retailers include The Home Depot, Best Buy, Kohl’s, ULTA Beauty, City Market, Wells Fargo, McDonald’s, Wendy’s and Taco Bell.
This is a great opportunity to acquire a PetSmart in Colorado with strong demographics, 10 lease years remaining, 20 years in options, rent increases and zero landlord responsibilities providing years of inflation resistant income.
Property Details
- Class
- B
- Year Built
- 1998
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Drug Store
- Lot Size (sq. ft)
- 105,415 SF
Highlights
- Proven Long Term (10 Yrs.) NNN Lease by PetSmart - 25+ Yrs. at Location - Exercised an Option Early!
- Irreplaceable Site in Heart of Retail Trade Area - Across from Mesa Mall (Target/Home Depot/Dillards)
- Best in Class National Brand - Largest Specialty Pet Retailer in the Country - 1660+ Locations & Growing
- City a Premiere Destination along Colorado’s Western Slope - Huge Year-Round Tourism (Skiing/Rafting)
- Rare NNN Lease - Zero LL Duties - Limited Competition (180 miles next PetSmart) - Rent Bumps/Option
- High Profile Freestanding Junior Anchor - Large 2.42 Acre Parcel - Inside Grooming & Banfield Hospital
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