Listed by Matthews
$8,568,000
Maverik
Details
Property Type Retail
Sub Type Gas Station
Square Footage 4,995
Cap Rate 5.00%
NOI $428,361
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Remaining Term 12
Lease Options Five, 5-Year Options
Year Built 2014
Acreage 1.760
Ground Lease No
Absolute NNN Maverik with Corporate Guarantee and Built-In Rent Escalations
Investment highlights
- Absolute NNN Lease – True triple-net lease with zero landlord responsibilities. The tenant is contractually responsible for all operating expenses, including CAM, real estate taxes, insurance, and maintenance of the roof and structure, offering investors a passive, hands-off income stream.
- Corporate-Backed Lease Guarantee – Lease is guaranteed by Kum & Go L.C., a subsidiary of Maverik, one of the nation’s largest convenience store operators with over 800+ locations across the United States, ensuring strong credit support.
- Attractive Rental Increases – Lease includes approximately ±12 years remaining in the primary term, followed by five (5) five-year renewal options. Rental income increases by 7.5% every five years during both the initial term and option periods, providing a long-term hedge against inflation.
- Potential 100% Bonus Depreciation – Eligible for up to 100% bonus depreciation in Year One under the Accelerated Depreciation Model for gas stations (consult with your CPA), enhancing after-tax yield and investor return profile.
- Affluent Demographics – Located in an extremely strong North Denver submarket with $140k average household income within a 1-mile radius of the site and over 200k residents within a 5-mile radius of the site.
- Strong Foot Traffic Data – The site ranks in the top 14% in the state of Colorado, and the top 21% nationwide according to AlphaMap. Contact Broker for more details.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$428,360.64
$35,696.72/mo
Valuation Metrics
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DSCR
5%
Cap Rate
5%
ROI
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