Listed by Marcus & Millichap - San Diego
$3,472,446
7-ELEVEN STRIP CENTER | NNN LEASES | RECENT LEASE EXTENSION
Details
APN 29-254-14-013
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 6,962
Units 3
Cap Rate 6.5%
NOI $225,708
Tenancy Multi
Brand/Tenant 7-Eleven, 76 Gas
Lease Type NNN
Lease Expiration 12/30/2039
Remaining Term 13.5
Rent Bumps Yes
Class A
Year Built 1976
Year Renovated 2023
Stories 2
Acreage 0.650
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
7-Eleven Recently Extended Term 15 Years | 45+ Year Historical Occupancy
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
Investment highlights
- 7-Eleven Anchored 3-Tenant Strip Center featuring NNN Leases and Increases throughout the Initial Term. 45+ Year Historical Occupancy for 7-Eleven and Recent 15 Year Lease Extension.
- Below Market Rent for LaGuardia Liquor & Enrico's Deli. Positioned Along Area’s Major Traffic & Retail Corridor. Signalized Hard Corner Location - Features Easy Access and Excellent Visibility.
- Densely Populated and Affluent Denver Suburb: Features an Average Household Income of more than $99k and over 332k People Residing within a 5-Mile Radius.
- Arvada is a thriving Denver Suburb known for its historic Olde Town, Vibrant Community Events, and proximity to the Rocky Mountains. It offers Excellent Schools, Diverse Recreational Opportunities, and a Strong, Growing Economy.
- In Close Proximity to Numerous National Retailers including Target, Safeway, Walmart Supercenter, Sprouts Farmers Market, Lowe's, Costco, The Home Depot, Burlington, Hobby Lobby and many more.
- Adjacent to a King Soopers Anchored Retail Center - The Center's Dynamic Tenant Mix Boasts an Excellent Complement of Diverse National and Regional Players including Grocery, Fitness, Convenience Goods and Proven Restaurant Chains.
- The Site's proximity to Downtown Denver, just 8 Miles away, provides easy access to the City's Bustling Job Market, Cultural Attractions, and Entertainment while offering a Suburban Lifestyle with Excellent Schools, Parks, and a Tight-knit Community.
- Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of “A” and an Annual Revenue of more than $73.15 Billion. 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
Listing Contacts
Listed by Marcus & Millichap - San Diego
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$225,708.00
$18,809.00/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
