US - Lubbock, TX
MYR 45,509,000 | 6,548 m²
Jones Lang LaSalle Americas, Inc. (“JLL”), 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, Colorado, the asset boasts incredible access to Interstate 70 via North Avenue, one of Grand Junction’s primary thoroughfares, with nearly 30,000 vehicles daily. Teller Arms is anchored by Planet Fitness, Big Lots! and Dollar Tree. With the recent lease of Planet Fitness and long-term commitments of Big Lots! and Rent-A-Center, Teller Arms offers historical stability of cash ﬂow along with below market lease rates and future upside in occupancy. At a low basis Teller Arms safeguards from any future downside risk and affords an opportunity to create value through lease up of the remaining spaces.