931 S Kipling PkwyLakewood, CO 80226
Conoco
Conoco | ABS NNN 20-Year Sale Leaseback
Overview
Initial Lease Term: 20 Years
Remaining Lease Term: 20 Years
Commencement Date: COE Date
Expiration Date: 20 Years from COE
Lease Type: ABS NNN
Roof & Structure: Tenant
Options: 4 x 5-Year
Lease Guarantor: Franchisee (9-Units)
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 Rite Time Auto Dealer Providing Multiple Streams of Income and Visitation to the Tenant
- Lease Guaranteed by Experienced 9-Unit Service Station Operator
- Direct frontage to S Kipling Pkwy, a major Denver MSA thoroughfare seeing over 44k VPD
- Adjacent to two car washes providing synergies to the subject property
- Barrier to Entry - New Lakewood ordinance restricts construction of new gas stations & car washes within ½ mile of existing locations, creating long-term value for existing locations.
Photo Gallery
931 S Kipling PkwyLakewood, CO 80226
Sales Team
Listing provided by Revere CRE