Listed by Marcus & Millichap - Denver
$1,393,000
Chisholm Corner 15 Year NNN Gas Station
Details
APN 080009655
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,666
Units 1
Cap Rate 7.50%
NOI $104,468
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 12/31/2042
Remaining Term 16.5
Rent Bumps Yes
Lease Options 3x5 Year
Year Built 1999
Stories 1
Lot Size (SqFt) 17,500
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/15/2022
Ground Lease No
About This Property
Marketing description
Retail • 2,666 SF • 12/16/2022
Investment highlights
- ABSOLUTE NNN | 16+ YEARS REMAINING
- LIMITED COMPETITION IN A HIGH-BARRIER RURAL MARKET
- LOCATED ON A REGIONAL TRAVEL CORRIDOR
- SIGNIFICANT TAX ADVANTAGES THROUGH 100% BONUS DEPRECIATION
- 10% RENTAL INCREASES EVERY 5 YEARS
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,468.00
$8,705.67/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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