Listed by Marcus & Millichap - Denver
$1,566,000
ABSOLUTE NNN LEASE GAS STATION & C-STORE
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,736
Units 1
Cap Rate 7.50%
NOI $117,444
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 12/31/2042
Remaining Term 16.5
Rent Bumps Yes
Lease Options 3 x 5 Years
Year Built 1960
Year Renovated 2020
Acreage 0.250
Tenant Credit Corporate Guarantee
Lease Commencement 12/15/2022
Ground Lease No
About This Property
Marketing description
Retail • 1,736 SF • 1 Unit
Investment highlights
- ABSOLUTE NNN | 16+ YEARS REMAINING
- MINUTES FROM HALLIBURTON’S GLOBAL MANUFACTURING CENTER
- 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
$117,444.00
$9,787.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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