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5600 W Alameda AveLakewood, CO 80226
Discount Gas & C-Store
Asset ClassRetail
Cap Rate8%
Deal Size: $2.83 MNet Operating Income: $226.8 ThousandSquare Feet: 12,088Access Data Room
20-Year Sale Leaseback Discount Gas & C-Store in Denver MSA
overview of deal

Overview

Price: $2,835,000

Cap Rate: 8.00%

Tenant: Discount Gas One LLC

Building Size: 12,088

Lot Size (AC): 1.32

Year Built: 1972

Remaining Lease Term: 20 Years

Lease Type: Absolute Triple-Net (NNN)

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Investment Highlights

Land
1.32 Acres
MSA
Denver
  • 20-Year Sale Leaseback with 10% Rent Increases Every 5 Years and 4 x 5-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
  • The Subject Property is a “Top 100 U-Haul Dealership” - Ranking Within the Top 2% of All U-Hail Neighborhood Dealers Nationwide
  • Subject Property Ranks as a Top 5 Location for Lottery Tickets in the State of Colorado
  • Guaranteed by Experienced 3-Unit Service Station Operator
  • Adjacent to Heavily Traveled Intersection of Alameda & Sheridan - 63k+ Combined VPD
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5600 W Alameda AveLakewood, CO 80226

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Listing provided by Revere CRE