SWQ. North Avenue & 28 Road - VA Development Land & Ground Lease 3.71 Acres of Commercial Land in Grand Junction, CO 81501

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a 3.71-acre development land parcel with a portion currently ground-leased in Grand Junction, Colorado. Approximately 0.82 acres are leased to the U.S. Department of Veterans Affairs and feature a secured, gated lot with a small guard building that is used for storage and overflow parking for the Grand Junction VA Medical Center (77-bed facility) located one block to the west. The VA lease has over 6 years of firm term remaining and includes one 10-year extension option featuring an approximate 18% rent increase at the start of the option period, providing a meaningful hedge against inflation for a future investor. The tenancy is backed by the credit of the U.S. Government (S&P: AA).
The offering includes an additional 2.89 acres of development land that is zoned MU-2. The MU-2 (Mixed-Use Light Commercial) is intended to accommodate commercial, employment, multi-unit, and other uses along transportation corridors. The MU-2 district is somewhat larger scale and more flexible than the MU-1 district. The flexible MU-2 zoning allows for an array of various uses such as restaurants/bars, office, hotel, retail, light industrial, mutli-family, hospital, warehouse space, and more. Furthermore, the site is ideally located within the an Opportunity Zone, allowing investors to reinvest their realized capital gain (from selling an appreciated asset) into an Opportunity Zone and defer/reduce the realized capital gains on the principal invested.