Cap Rate: 5.5%Retail SF: 3,244Year Renovated: 2024Access Data Room
5+ Years Remain on Abs. NNN Lease | Corporately Guaranteed by 7-Eleven | Dominant Retail Corridor
Overview
5+ years remaining on a corporately guaranteed absolute triple-net lease with 7-Eleven. The lease features four five-year renewal options each with 12% rental increases.
Tenant recently committed to the site with 7-Eleven corporate executing a corporate guarantee. Previously, the subject property was operated by a large 7-Eleven franchisee based in Denver, CO.
Corporate guarantee from 7-Eleven, the world’s largest retailer with over 84,000 locations worldwide.
Signalized hard corner location along one of Denver’s busiest north/south thoroughfares, Wadsworth Bypass (80,000+ VPD).
Located just north of I-70, Colorado’s major east/west interstate, seeing approximately 165,000 VPD at its exit with Wadsworth Bypass.
Dense population, within a three-mile radius, 125,848 residents earn an average household income of $93,203.