2865 North AveGrand Junction, CO 81501
RNR Tire Express
10 Years Remaining on NN Lease | Top Ranking RNR in Colorado
Overview
Initial Lease Term: 10 Years
Lease Term Remaining: 10 Years
Lease Type: Double-Net (NN)
Rent Commencement: COE Date
Expiration Date: 10 Years Following COE
Options: 3 x 5-Year
Lease Guarantor: Single Unit Entity
Landlord Responsibility: Roof, Parking Lot, Foundation & Structure
Investment Highlights
- 10 years remaining on double-net lease with rental increases every five years and three five-year options to extend.
- RNR Tire Express is a national automotive retailer of tires and wheels that operates over 200+ locations throughout 30 states. The subject property is operated by a local franchisee and the lease is guaranteed by the local store entity.
- The subject property performs among the top performing RNR locations in the chain. Please contact the listing broker for further details.
- The Subject Property is the top ranking RNR Tire Express in the Mountain West (Top 2 of 10 stores) and a top performing location nationally (per Placer.AI).
- Two major traffic drivers proximate to the subject property are Grand Junction’s 59-bed VA Medical Center and Colorado Mesa University. The VA hospital employs 750+ people, serves 15,000+ patients, and manages 200,000+ outpatient visits annually. Colorado Mesa is a public university with approximately 11,000 students.
- Excellent visibility along a primary east/west Grand Junction route, North Ave (23,400 VPD).
- Adjacent to the ninth busiest Walmart Supercenter in the State of Colorado (2.9M annual visits).
- Grand Junction, Colorado is the largest commercial hub between Denver and Salt Lake City. The city sees over 1 million tourists annually who generate $140 million in annual revenue. The city’s population is anticipated to grow by 13.6% by 2030.
Photo Gallery
2865 North AveGrand Junction, CO 81501
Sales Team
Listing provided by Revere CRE