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272 Linden Ave 3,118 SF Retail Building Grand Junction, CO 81503 $2,378,810 CAD ($762.93 CAD/SF) 5.16% Cap Rate
Investment Highlights
- Absolute NNN lease structure with no landlord obligations for maintenance, taxes, or insurance.
- Long-term stability with 11.8 years remaining and options for additional 10-year extensions supported by scheduled 10% rent escalations.
- Situated near US Hwy 6 with proximity to Colorado Mesa University, retail amenities, and dense residential areas.
- Located in a growing market with stable economic fundamentals and strong consumer demand.
- Recently renovated building featuring a drive-thru, contemporary design, and excellent street visibility.
- Single-tenant commitment from Dairy Queen, a globally recognized and established QSR brand.
Executive Summary
This offering presents an opportunity to acquire a fee-simple interest in a single-tenant property leased to Dairy Queen under an absolute NNN structure in the growing market of Grand Junction, Colorado. The asset sits on 0.65 acres with a contemporary building design that includes a drive-thru and ample parking. With zero landlord responsibilities, investors benefit from a truly passive income stream.
The property is leased on a 20-year term that commenced in March 2018, providing 11.8 years of remaining primary term and supported by attractive 10-year renewal options. Rental income features structured 10% increases every five years, driving long-term value and inflation protection. Located just off US Highway 6 near Colorado Mesa University, major retail corridors, and established neighborhoods, the site offers visibility and accessibility in a stable regional hub for education, healthcare, and energy.
Grand Junction continues to experience population and employment growth, supported by key industries and infrastructure. Coupled with a strategic location and strong national branding from Dairy Queen, this property offers both security and long-term upside for net lease investors.
The property is leased on a 20-year term that commenced in March 2018, providing 11.8 years of remaining primary term and supported by attractive 10-year renewal options. Rental income features structured 10% increases every five years, driving long-term value and inflation protection. Located just off US Highway 6 near Colorado Mesa University, major retail corridors, and established neighborhoods, the site offers visibility and accessibility in a stable regional hub for education, healthcare, and energy.
Grand Junction continues to experience population and employment growth, supported by key industries and infrastructure. Coupled with a strategic location and strong national branding from Dairy Queen, this property offers both security and long-term upside for net lease investors.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,118 SF
Building Class
C
Year Built/Renovated
1995/2014
Price
$2,378,810 CAD
Price Per SF
$762.93 CAD
Cap Rate
5.16%
NOI
$122,747 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.63 AC
Zoning
B-2
Parking
26 Spaces (8.34 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2945-261-28-009 | Improvements Assessment | $268,562 CAD |
| Land Assessment | $145,235 CAD | Total Assessment | $413,797 CAD |
Property Taxes
Parcel Number
2945-261-28-009
Land Assessment
$145,235 CAD
Improvements Assessment
$268,562 CAD
Total Assessment
$413,797 CAD
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272 Linden Ave
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