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931 S Kipling PkwyLakewood, CO 80226
Conoco Gas & C-Store
Asset ClassRetail
Cap Rate8%
Deal Size: $2.83 MNet Operating Income: $226.8 ThousandSquare Feet: 1,349Access Data Room
20-Year Sale Leaseback Conoco Gas & C-Store
overview of deal

Overview

Price: $2,835,000

Cap Rate: 8.00%

Tenant: Conoco LLC

Property: 931 S Kipling Pkwy, Lakewood, CO

Lot Size (AC): 0.55

Building Size: 1,349

Year Built: 1971

Remaining Lease Term: 20 Years

Lease Type: Absolute Triple-Net (NNN)

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Investment Highlights

Land
0.55 Acres
Year Built
1971
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 Mr. Taco Restaurant Providing Multiple Streams of Income and Visitation to the Tenant
  • Guaranteed by Experienced 3-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
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931 S Kipling PkwyLakewood, CO 80226

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