Retail

Teller Arms Retail

2401 North Ave, Grand Junction, CO, 81501-6409, US

Teller Arms Retail_Property for Sale

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Teller Arms Retail 2_Property for Sale

Asset description

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. 

Attributes

Building area Net
128,262 sf
Year built
1964

Investment highlights

  • Recognizable Brand-Name Tenancy
  • Discount to Replacement Cost
  • Located in an Opportunity Zone
  • Retail Opportunity with Stable Cash Flow
  • Unique Western Slope Advantage
Teller Arms Retail 4_Property for Sale

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Last updated
Aug 30, 2022