Auto Service - Gas-Conv
RNR Tire Express
2865 North Ave, Grand Junction, CO 81501
Listing Price: $1,800,000
Cap Rate
7.00%
Tenant Name
RNR Tire Express
Years Remaining On Lease
10.1
Gross SF
5,840
Guarantor
Local Franchisee
Rentable SF
5,840
Price/Gross SF
$308.22
Lease Type
Double Net
Rent Per Square Feet
$21.58
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale an RNR Tire Express in Grand Junction, CO.
RNR Tire Express
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
- 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.
Exclusively Listed By
Listing Price: $1,800,000
Cap Rate
7.00%
Tenant Name
RNR Tire Express
Years Remaining On Lease
10.1
Gross SF
5,840
Guarantor
Local Franchisee
Rentable SF
5,840
Price/Gross SF
$308.22
Lease Type
Double Net
Rent Per Square Feet
$21.58
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
- 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.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale an RNR Tire Express in Grand Junction, CO.
Exclusively Listed By
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