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29514378
29514379

2469 Commerce Blvd, Grand Junction, CO 81505

MF
CO CO 100070604, TX TX 644481 (+1)
Sands Investment Group
Listed by Sands Investment Group
$3,503,252
127 days on market
Updated 49 days ago
Opportunity zone

Hajoca (Keenan-Dahl Supply) - Grand Junction, CO

Details
Property Type Industrial
Sub Type Distribution, Manufacturing (+1)
Square Footage 13,315
Cap Rate 6.15%
NOI $215,450
Occupancy 100%
Tenancy Single
Brand/Tenant Hajoca (Keenan-Dahl Supply)
Lease Type NNN
Lease Term 10
Lease Expiration 09/30/2034
Remaining Term 8.3
Rent Bumps Yes
Lease Options 2 x 5 Year Options at FMV
Price per SqFt $263
Year Built 1978
Year Renovated 2024
Buildings 1
Acreage 1.400
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2024

Hajoca Corp | 10 Year NNN Lease | 3% Annual Increases | Grand Junction, CO

Marketing description

Sands Investment Group is pleased to exclusively offer for sale the 13,315 SF Hajoca (Keenan-Dahl Supply) facility located at 2469 Commerce Boulevard in Grand Junction, CO. The offering features a landlord-friendly passive lease structure with strong 3% annual increases and a corporate guarantee from the Hajoca Corporation, one of the largest wholesale distributors of plumbing, heating, pool, and industrial supplies, operating more than 450 locations across North America.

LEARN MORE HERE

Investment highlights

  • Strong Corporate Tenant: Lease includes a corporate guarantee from the Hajoca Corporation, the parent company of Keenan-Dahl. Hajoca is one of the largest wholesale distributors of plumbing, heating, pool, and industrial supplies in the US. Founded in 1858, Hajoca has grown to encompass over 450 locations across more than 40 states.

  • Recent Relocation: Brand new location that was handpicked by the tenant after outgrowing their existing location in the market. The property was recently upgraded with a complete showroom renovation, a new service and sales counter, and new fencing and lighting, as well as other building improvements.

  • Strong Increases and Passive Lease Structure: Lease offers limited landlord responsibilities and includes 3% annual increases as well as fair market rent clauses at the renewal options to help hedge against inflation.

  • Strategically Located: Property is located in one of Grand Junction's largest industrial hubs with immediate access to I-70, which serves as Grand Junction's primary east-west artery, allowing the tenant to service the entire market.

  • Desirable IOS Asset Class: The excess yard space at this location allows for significant industrial outdoor storage (IOS), which is one of the most sought- after asset classes in today’s market.

  • Notable Nearby Tenants: Including QXO (Beacon Roofing Supply), The Home Depot, Rexel, Lowe’s, White Cap, Republic Services, and Baker Hughes.

Listing Contacts

MF
CO CO 100070604, TX TX 644481 (+1)
Sands Investment Group
Listed by Sands Investment Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$215,450.00
$17,954.17/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

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Additional Information

Name
Max Freedman
License
CO #100070604
Title
Broker of Record
Name
Max Freedman
License
CO 100070604
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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