September 29, 2022 – Joseph Pellecchia and Corey Kingsbury of Horvath & Tremblay have successfully completed the sale of an AFC Urgent Care in Grand Junction, Colorado. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $3,400,000.
AFC Urgent Care is located at 995 Independent Avenue in Grand Junction, Colorado. The new construction single tenant building contains 3,693 square feet and sits on a 0.45-acre parcel of land. AFC has 15 years of term remaining on a corporate guaranteed Triple Net (NNN) lease followed by three (3), 5-Year renewal options. The lease calls for 10% increases every five years throughout the primary term and at the start of all three renewal options. The Property benefits from its location adjacent to the intersection of Independent Avenue/Rimrock Avenue and US Highway 6, the area’s primary commercial and commuter corridor that sees more than 61,000 vehicles per day. The Property shares the intersection with several prominent national retailers including Walmart Supercenter, Lowe’s, Sam’s Club, Sprout’s Farmers Market, Chick-fil-A, and Red Robin, all of which drive significant traffic to the area. The Property is less than 1.5-miles form two area colleges with a total enrollment of more than 14,000 students, and less than 2-miles from Downtown Grand Junction.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.