Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1964
Building Area

Property Description

JLL (“Broker”), as an exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Teller Arms Center. Located in a proven key retail node in Grand Junction, the asset has access to Interstate 70 via North Avenue, one of Grand Junction’s main thoroughfares, where it sees nearly 30,000 vehicles daily. Made of up a wide variety of daily-needs tenants, some of which have been in the center for over 25 years, Teller Arms is anchored by Shamrock Foods, Planet Fitness, Big Lots! and Dollar Tree. Each tenant has a stronghold in the area and performed consistently through 2020, resulting in no rent forgiveness throughout the entirety of the pandemic. The property offers investors a chance to own a unique asset with historical stability of cash flow and guaranteed upside potential due to below-market lease rates. Priced at a low basis, Teller Arms safeguards against any downside risk and allows investors to create significant short-term and long-term value.

Investment Highlights

  • Recognizable Brand-Name Tenancy
  • Discount to Replacement Cost
  • Retail Opportunity with Stable Cash Flow
  • Opportunity Zone Location
  • Unique Western Slope Advantage
Last Updated Date: 18 Jun 2021
Jason Schmidt
Jason Schmidt
Managing Director, Capital Markets, Investment Sales Advisory
License details
CO-EA.001324797

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Last Updated Date: 18 Jun 2021

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