The property is strategically located at the signalized, hard corner intersection of North Avenue and 28 Road which supports more than 31,000 vehicles per day.
The asset also benefits from nearby access to Patterson Road (29,500 VPD), Highway 340 (23,000 VPD), and North 12th Street (16,900 VPD), making this an ideal, centralized location with easy commutes. Furthermore, the subject property is within walking distance from Colorado Mesa University, a Division II (NCAA D2) institution with approximately 11,051 enrolled students, which provides a steady daytime population and ongoing demand drivers for the surrounding trade area. Moreover, the asset is ideally located within Teller Arms Center, a 128,262 SF neighborhood center anchored by Planet Fitness, Big 5, Dollar Tree, and Rent-A-Center. The neighboring Planet Fitness and Big 5 Sporting Goods are the 3rd and 4th highest performing locations in Colorado, respectively (per Placer.Ai). Other nearby national/credit tenants include Walmart Super Center, Lowes, Safeway, Hobby Lobby, Sprouts, True Value Hardware, and more. The subject property is less than four miles from Grand Junction Regional Airport (GJT), the busiest commercial airport on Colorado’s Western Slope, which facilitates approximately 60,000 aircraft operations annually and generates an estimated $817.0 million in total economic activity for the region. The 5-mile subject trade area is supported by more than 110,000 residents and 63,000 daytime employees who earn average household incomes of more than $84,000.
Ryan Tomkins
SRS Real Estate Partners
