1050 Wellington Avenue, Grand Junction, CO 81501

$2,500,000
List Price
$2,500,000

Property Description

All brick medical buildings built by Shaw Construction in excellent condition in the heart of major medical institutions just minutes from St. Mary's Hospital with great ingress/egress and 44 parking spaces. Major strong single tenant net leased investment. Current tenant primary term was 7 years and has extended lease until October 2024. Year 1 CAP rate is 6.46% with 3% escalations each year starting October 14, 2019. 5th year end CAP will be 7.27%. This is a NNN lease with zero landlord responsibilities.

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Listing courtesy of RE/MAX 4000, INC.

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