2650 North AveGrand Junction, CO 81501

This exceptional 54,358 square foot shopping center in Grand Junction, Colorado presents a compelling value-add investment opportunity. Located on a high-visibility, signalized intersection of North Avenue and 28th Road, the property boasts over 172 parking spaces and enjoys exposure to over 30,000 vehicles daily. Currently 80% occupied, the center features a diverse tenant mix including Comfort Dental, CSL Plasma, Aerocare, and AdaptHealth, offering a blend of credit-rated and franchisee tenants under NNN leases. The property sits on a 4.36-acre lot, zoned MU-2, allowing for flexible future uses including retail, storage, manufacturing, healthcare, and education. With an in-place NOI of $361,939 and a 7.10% cap rate, the pro-forma NOI projects to $477,571 and a 9.36% cap rate, reflecting significant upside potential. Built in 1980, the property is priced at $93.82 per square foot, below replacement cost, and the land value is $26.85 per square foot. Grand Junction's robust population growth of 7.48% since 2020, coupled with its diverse economy and attractive lifestyle, further enhances the investment appeal. This property offers passive ownership with significant potential for increased returns through lease-up and rent optimization. The service-based tenant mix provides resilience against e-commerce competition, ensuring consistent cash flow. This is a rare opportunity to acquire a well-located, value-add shopping center in a thriving Colorado market.