• Five years remaining on Absolute Triple-Net Lease with four five-year options and zero landlord responsibilities.
• The lease is corporately guaranteed by Alta Convenience, a regional operator of convenience stores with 150+ locations throughout the Mountain West, Southwest, and Midwest.
• In 2021, Alta Convenience was acquired by a joint venture between Fortress Investment Group and a subsidiary of Phillips 66
• Signalized hard corner real estate at the intersection of North Ave and 29 Rd, seeing a combined 37,500 vehicles per day
• Grand Junction, Colorado is the largest hub of retail/business between Denver and Salt Lake City. The city sees over 1 million visitors annually, generating $140 million in annual revenue.