Listed by Marcus & Millichap - San Francisco
$1,525,000
ALTA | 15 YEARS REMAINING ON ABSOLUTE NNN LEASE
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 868
Net Rentable (SqFt) 868
Cap Rate 5.65%
NOI $86,183
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/31/2041
Remaining Term 14.6
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $1,757
Broker Co-Op Yes
Buildings 1
Stories 1
Acreage 0.430
Lease Commencement 02/01/2021
Ownership Fee Simple
Tenant operates 160+ locations
Marketing description
+ 15 years remaining on Absolute NNN Lease
+ Potential bonus depreciation
+ Tenant operates 160+ locations
Investment highlights
+ Situated at highly visible corner along main east-west corridor
+ Nearby national tenants include Chase Bank, O’Reilly Auto, Taco Bell, Wendy’s, KFC, Burger King, KeyBank, Starbucks, Walgreens, Buffalo Wild Wings and 7-Eleven
+ Across the street from Orchard Park Academy, serving grades Pre‑K through 8, with approximately 570 students
+ Two minutes from U.S. Route 36, a major highway that serves as the primary connection between Boulder and Denver
+ Denver, the largest city in Colorado, has a population of approximately 729,000+
Listing Contacts
Listed by Marcus & Millichap - San Francisco
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,183.00
$7,181.92/mo
Valuation Metrics
0
DSCR
5.65%
Cap Rate
5.65%
ROI
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