Price: $4,500,000 | 8.00% CAP
Lease Term: 20 Years
Lease Type: Abs. NNN SLB
Rent Increases: 10% Every 5 Years
Lease Guarantor: Six-Unit Operator
Year Built: 2017
NEW 20-YEAR SALE LEASEBACK C-STORE/FUEL STATION IN DENVER MSA
Upon closing, the operator will sign a 20-year absolute triple-net lease with zero landlord responsibilities. The lease will feature 10% increases every five years and four five-year options to renew.
EXPERIENCED SIX-UNIT OPERATOR IN DENVER, CO
The operator has been in the gas station/c-store industry for over a decade and has been steadily increasing sales and gallons pumped year over year at each of his locations. This is a family owned Colorado-based company and the Exxon is their flagship location.
EXCELLENT VISIBILITY – HARD CORNER
Located at the NWC of E Kentucky Dr & S Havana St (45,000 combined VPD) the subject property receives ample exposure to a primary thoroughfare of the Denver MSA.
DENSE RETAIL CORRIDOR – S HAVANA ST
Strong performing national retailers surround the subject property, King Soopers (Korger), Costco, Target, McDonald’s, Safeway, Lowe’s, Chick-fil-A, Sprouts, Kohl’s, Dollar Tree, Dick’s Sporting Goods, and more. All these retailers are located within one mile of the subject property.