Land

Teller Arms Land - Block 7

2401 N Avenue, Grand Junction, CO, 81501, US

Teller Arms Land - Block 7_Property for Sale

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Asset description

Jones Lang LaSalle, Americas, Inc. (“JLL”), is pleased to present the opportunity to acquire the fee simple interest in Teller Arms land parcel. 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. The land parcel benefits from a long term lease from the VA, which is adjacent to the Teller Arms Shopping Center. This agreement by the VA demonstrates the in-fill nature of this parcel along Grand Junction’s main commercial throughfare.

Attributes

Land area net
3.71 acres (161,608 sf)

Investment highlights

  • 10 Yr Veterans Affairs Ground Lease (1 Acre)
  • 2.71 Acres Future Development (3.71 Acres total)
  • Ability to Accommodate a Pad Along North Avenue and/or In-line Development Adjacent to Teller Arms.

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Last updated
Nov 30, 2022