New West Station
Full Credit Tenancy | Main Retail Intersection in Clifton CO
Marketing description
Anchor Net Lease is pleased to present New West Station, a high-quality, 10,096-square-foot retail center located in the rapidly expanding Grand Junction suburb of Clifton, Colorado. The property is 100% NNN leased, offering investors stable, predictable cash flow supported by a strong and diverse tenant roster that includes Papa John’s, Rent-A-Center, Jimmy John’s, and an 18-month Master Lease secured by current ownership. The center is strategically positioned between two nationally recognized retailers—Sonic (NAP) and AutoZone (NAP)—which help drive consistent traffic to the site.
New West Station enjoys excellent visibility and easy access at the hard corner of Interstate 70 Business Loop and Highway 141 (32nd Road), which together see more than 45,000 vehicles per day. Surrounded by established national brands and daily needs retail, the property sits between two signalized intersections and directly adjacent to Coronado Plaza, anchored by City Market (Kroger), Walgreens, Starbucks, US Bank, and Ace Hardware. This highly synergistic retail environment further strengthens tenant performance and long-term occupancy stability.
In 2024, New West Station underwent a comprehensive renovation, enhancing both its aesthetic appeal and long-term durability. Improvements include new LED lighting, a fully resurfaced parking lot, refreshed wood and stucco façade elements, upgraded trash enclosures, and recent tenant lease extensions—all of which position the property favorably for long-term ownership with minimal near-term capital requirements. Together, these enhancements and the center’s irreplaceable location within a growing Mesa County submarket create a compelling opportunity for investors seeking a durable, management-light retail asset in a supply-constrained trade area.
Investment highlights
PROPERTY HIGHLIGHTS
•Premier Clifton Location: Strategically positioned at the primary retail intersection of Interstate 70 Business Loop and Highway 141 (32nd Road), an established commercial node that captures a combined ±45,000 vehicles per day and serves as Clifton’s most trafficked retail corridor.
•Attractive Co-Tenancy: Strong original tenancy with recent long-term renewals, benefiting from shared access drives with complementary national retailers including Sonic and AutoZone, which drive consistent daily traffic.
•National Tenant Lineup: The center is 100% occupied by nationally recognized brands, including Jimmy John’s, Papa John’s, and Rent-A-Center—ensuring stable, reliable income backed by creditworthy operators.
•Value-Add Potential: Approximately 21% of the center remains available for first-generation lease-up, presenting clear upside through new tenancy and rent growth. The seller will provide an 18-month Master Lease at $25 PSF NNN, securing income during lease-up and reducing near-term risk for the buyer.
•Excellent Accessibility & Visibility: Prominently located along the Interstate 70 Business Loop—the primary east–west commercial artery of Clifton—offering exceptional exposure, multiple points of lighted ingress/egress, and uninterrupted visibility to passing traffic.
MARKET HIGHLIGHTS
•Regional Hub Advantage: The Grand Junction/Clifton area is the largest metropolitan hub between Denver and Salt Lake City, serving as the commercial, healthcare, education, and logistics center for Western Colorado and eastern Utah—driving consistent demand for retail, services, and employment.
•Accelerating Retail Development: The market continues to experience strong commercial expansion, with new national retailers, quick-service restaurants, and service users selecting the corridor. Recent additions such as Chipotle and Popeyes highlight continued tenant demand and confidence from national brands.
•Pro-Growth Economic Development: Mesa County has demonstrated a clear commitment to long-term commercial growth. The federal government's conveyance of 31.1 acres in 2025 supports future development of retail, mixed-use, and commercial subdivisions—expanding the regional draw and supporting long-term property values.
•Outdoor & Tourism-Driven Demand: Grand Junction is a year-round outdoor destination, attracting visitors for hiking, mountain biking, climbing, OHV trails, river rafting, and nearby natural landmarks like the Colorado National Monument and Grand Mesa. This steady influx of visitors and recreation-driven residents fuels demand for restaurants, retail, hospitality, and daily-needs services.
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