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897 S Havana StAurora, CO 80012
Exxon | Abs. NNN 20 Yr SLB
Asset ClassRetail
Deal Size$4.5 M
Cap Rate: 8%Square Feet: 3,975Access Data Room
ABSOLUTE NNN 20-YEAR SALE LEASEBACK
overview of deal

Overview

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

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Investment Highlights

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.

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897 S Havana StAurora, CO 80012
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Listing provided by Revere CRE