Listed by Marcus & Millichap - Denver
$1,971,000
Corporately Guaranteed Gas Station & C-Store | 13+ Yrs NNN
Details
APN 690023689
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 1,600
Units 1
Cap Rate 7.50%
NOI $147,796
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 1980
Stories 1
Acreage 1.420
Tenant Credit Corporate Guarantee
Lease Commencement 12/15/2022
Ground Lease No
About This Property
Marketing description
Retail • 1,600 SF
Investment highlights
- ABSOLUTE NNN | 16+ YEARS REMAINING
- MINUTES FROM CHISHOLM TRAIL CASINO - REGIONAL DEMAND DRIVER
- 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
$147,796.00
$12,316.33/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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