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5600 W Alameda AveLakewood, CO 80226
Sinclair
Asset ClassRetail
Deal Size$2.83 M
Cap Rate: 8%Land: 0.28 AcresRetail SF: 650Access Data Room
20-Year ABS NNN Lease | Current Tenant Rebranding to Sinclair
overview of deal

Overview

Initial Lease Term: 20 Years

Remaining Lease Term: 20 Years

Lease Type: Abs NNN

Commencement Date: COE Date

Expiration Date: 20 Years from COE

Roof & Structure: Tenant

Options: 4 x 5-Year

Lease Guarantor: Franchisee (9-Units)

New Tank Installation Date: 2024

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Investment Highlights

  • 20-Year Sale Leaseback with 10% increases every five years and four (4) five-year options
  • Multi-Facet Service Station – 8 Pumps, Convenience Store, U-Haul Neighborhood Dealer, and Food Truck Providing Multiple Streams of Income and Visitation to the Tenant
  • Subject Property is a “Top 100 U-Haul Dealership” – Ranking within the top 2% of all U-Haul Neighborhood dealers nationwide
  • The subject property ranks as a top 5 location for lottery tickets in the State of Colorado
  • Guaranteed by Experienced 9-Unit Service Station Operator
  • Adjacent to heavily traveled intersection of Alameda & Sheridan – 63k+ combined VPD
  • $400,000+ Investment in Brand New Double-Wall 20,000-Gallon Composite Underground Storage Tank for Retail Fueling
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5600 W Alameda AveLakewood, CO 80226
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Listing provided by Revere CRE