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3505 S Kipling StLakewood, CO 80235
20-Year Absolute NNN - Sinclair Gas- Bonus Depreciation
Asset ClassRetail
overview of deal

Overview

Price: $2,900,000 | Cap Rate: 7.00% | NOI: $203,000

  • Guaranty: Experienced 10 Unit Operator
  • Lease Type: Absolute Triple-Net (NNN)
  • Rent Increases: 10% Every 5 Years
  • Options: 4x5-Year
  • Term Remaining: 20 Years
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Investment Highlights

  • 20-YEAR ABSOLUTE NNN SALE LEASEBACK WITH ZERO LANDLORD RESPONSIBILITIES
  • SIGNALIZED HARD CORNER LOCATION AT INTERSECTION OF SOUTH KIPLING ST & US-285
  • HIGHLY ACCESSIBLE LOCATION CONNECTING DENVER TO LAKEWOOD, VIA US-285 AND KIPLING ST
  • NEAR MAJOR ATHLETIC COMPLEXES, GOLF COURSES, AND RECREATIONAL PARKS, DRIVING CONSISTENT LOCAL TRAFFIC
  • AFFLUENT WEST DENVER TRADE AREA ANCHORED BY HIGH-INCOME HOUSEHOLDS AND PROVEN SPENDING POWER
  • LIMITED COMPETITION AND LARGE BARRIER TO ENTRY DUE TO "NO NEW GAS STATION" ORDINANCE APPROVED IN 2025
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3505 S Kipling StLakewood, CO 80235
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