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2001 Grand Ave
Glenwood Springs, CO 81601
Harbor Freight - arc Thrift Stores · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand-New Renovation| Long-Term Tenancy
- Destination for Regional Shoppers
- Complementary, Recession-Resistant Tenants
- Core Roaring Fork Valley Retail Location
- Highly Visible Grand Avenue Frontage
- Tourism-Fueled Trade Area
EXECUTIVE SUMMARY
Northmarq is pleased to present for sale a rare opportunity to acquire a fully renovated, dual-tenant retail property located at 2001 Grand Avenue in Glenwood Springs, Colorado (the “Property”). The Property consists of approximately 50,763 square feet of retail space on a 5.07-acre parcel that is 100% leased to Harbor Freight Tools and arc Thrift Stores—both operating under brand-new 15-year lease agreements. arc Thrift’s annual 3% rent escalations drive steady year-over-year growth to the Property’s net operating income. Scheduled to open in late 2025, the Property has been fully repositioned with modern upgrades to suit national retailers, offering a turnkey investment with long-term, stable income.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
50,680 SF
Building Class
C
Year Built/Renovated
1986/2025
Price
$14,115,030
Price Per SF
$278.51
Cap Rate
6.30%
NOI
$889,247
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
5.07 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | R007042 | Improvements Assessment | $436,860 |
| Land Assessment | $739,400 | Total Assessment | $1,176,260 |
PROPERTY TAXES
Parcel Number
R007042
Land Assessment
$739,400
Improvements Assessment
$436,860
Total Assessment
$1,176,260
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