DePaul Real Estate Advisors is pleased to announce the successful sale of a single tenant investment property in Grand Junction, Colorado.
DePaul represented the seller in the transaction, DPC Companies, a Denver-based development firm. The buyer is a private 1031 investor represented by Justin Krieger at Pinnacle Real Estate Advisors. The property is subject to a new 10 year lease with Dollar Tree. "This asset has many attributes a sophisticated, passive investor desires: It is a new construction, a NNN lease structure, and an excellent credit tenant," says Jarod Pate, Vice-President of DePaul. The store is an outparcel to City Market (Kroger) and recently opened for business in August.
The Grand Junction area, estimated population of 150,000, is located on the Western Slope of Colorado, approximately 37 miles from the Utah state line which makes it one of the first places people stop when they cross the state line. It is the home of a thriving outdoors industry, manufacturing, agriculture and the Colorado Mesa University.
DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income producing and investment properties, commercial financing, leasing and site selection. How can we help you execute your project? For more information, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799.