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Orchard Mesa Starbucks 2779 Acrin Ave

2,200 SF Retail Building Grand Junction, CO 81503 £2,680,233 (£1,218/SF) 5% Net Initial Yield

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Investment Highlights

Brand new construction built in 2024
2,200 sf building on 1.14 acres
Offered at a 5% cap rate with an average cap rate of 5.5% over the primary term

Fully leased single-tenant building with 10 year term
Well-established and reliable tenant
High visibility, nicely landscaped, drive through access, paved parking

Executive Summary

Excellent investment opportunity. Brand new single-tenant building built in 2024 on 1.14 acres. Great visibility off of US-50 and located in a heavily traveled area composed of restaurants, parks, and commercial businesses. Fully leased to a well-established and reliable tenant (Starbucks) with a 10-year term, NNN leases, and multiple 5-year options to extend. Nicely landscaped with drive-through access, paved and lit parking lot, 1,500 gallon grease trap, and new HVAC systems.

2779 Acrin Ave. Starbucks Flyer (1)

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Building Size

2,200 SF

Year Built

2024

Price

£2,680,233

Price Per SF

£1,218

Net Initial Yield

NOI

£134,012

Tenancy

Single

Number of Floors

Building FAR

0.04

Land Acres

1.14 AC

Zoning

MU-2 - MU-2

Parking

35 Spaces (15.91 Spaces per 1,000 SF Leased)

Amenities

Freeway Visibility
Signage

Drive Thru

Wheelchair Accessible

Air Conditioning

Accommodation and Food Services
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$9.99
Lorem Ipsum
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Starbuck's story begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. It was here where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for their customers to take home. Their name was inspired by the classic tale, “Moby-Dick,” evoking the seafaring tradition of the early coffee traders. Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. By 1996, they would cross the Pacific to open their first store in Japan, followed by Europe in 1998 and China in 1999. Over the next two decades, they would grow to welcome millions of customers each week and become a part of the fabric of tens of thousands of neighborhoods all around the world. In everything they do, they are always dedicated to Their Mission: With every cup, with every conversation, with every community - they nurture the limitless possibilities of human connection.