Net Leased Alta Convenience Store Sold Date October 1, 2025
The Boulder Group has completed the sale of a single tenant net leased Alta convenience store property located at 2525 Broadway in Grand Junction, CO for $2,525,000. The Boulder Group’s Zach Wright and Brandon Wright exclusively represented the seller in the transaction. The seller was a Colorado-based investor and the purchaser was an all-cash California-based family office.
The net leased Alta property is strategically located at a heavily trafficked signalized intersection just west of Downtown Grand Junction. Grand Junction is the economic hub and largest city on Colorado’s Western Slope and continues to experience strong population growth. There are currently over 41,000 people living within three miles of the property.
The property qualifies for 100% Bonus Depreciation and features a long-term corporate lease to Alta. There are no landlord responsibilities and rental increases every five years.
“Since the July 4th passing of the ‘One Big Beautiful Bill Act’, we’ve seen strong investor demand for single tenant gas station properties that qualify for 100% Bonus Depreciation. These qualifying properties allow an investor to immediately write off all improvements in year one, which can be as high as 100% of the acquisition cost (net of land value),” stated Zach Wright, Vice President.
“Well-located single tenant properties in Colorado continue to command strong interest from net lease investors and are trading for aggressive cap rates,” said Brandon Wright, Associate.
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2024, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.
For additional information, please visit www.BoulderGroup.com
PR CONTACT
Zach Wright 720-604-2220
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