Listed by Pinnacle Real Estate Advisors
$2,300,000
NNN Sinclair Sale Lease Back
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 1,260
Net Rentable (SqFt) 1,260
Units 1
Cap Rate 7.75%
NOI $178,250
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Rent Bumps Yes
Price per SqFt $1,825
Year Built 1985
Year Renovated 2021
Buildings 1
Stories 1
Lot Size (SqFt) 12,197
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Sale Condition Sale for leaseback
Retail | 7.75% CAP | 1,260 SqFt
Marketing description
Opportunity to acquire a single tenant net lease gas station in a high barrier to entry Denver suburb on a 20 year absulute net lease. The property is operated by an experience multi-unit operator with 11 locations across Colorado. Located on 80th Avenue the property has execellent visibitily to 52,370 vehicles per day and is located in a high income suburb of Denver with $99,916 average household income within 1 mile of the property
Investment highlights
20-YEAR SALE LEASEBACK WITH 10% INCREASES EVERY (5) YEARS AND (4) 5 YEARS OPTIONS
GUARANTEED BY EXPERIENCED 11-UNIT OPERATOR
HIGH TRAFFIC LOCATION – 52,370 VPD ON WADSWORTH
STRONG SURROUNDING DEMOGRAPHICS - $99,916 AVG HHI 1 MILE
Listing Contacts
Listed by Pinnacle Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$178,250.00
$14,854.17/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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