Listed by Marcus & Millichap - Denver
$3,283,000
CITGO
Details
Property Type Retail
Sub Type Gas Station, Convenience Store
Square Footage 9,630
Pumps 18
Cap Rate 8.12%
NOI $266,648
Occupancy 100%
Tenancy Single
Brand/Tenant CITGO
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/31/2043
Remaining Term 16.9
Rent Bumps Yes
Lease Options 4 x 5-Year
Year Built 1998
Acreage 4.960
Investment Type Net Lease
Lease Commencement 05/17/2023
Ground Lease No
Sale Condition N/A
Retail | 8.12% CAP | 9,630 SqFt
Investment highlights
- 16.5+ YR ABSOLUTE NNN LEASE
- EXPERIENCED 75 UNIT OPERATOR
- LOCATED OFF MAJOR INTERSTATE (40K VPD)
- 10 DIESEL PUMPS | 8 GAS PUMPS
- 1.5% ANNUAL RENT INCREASES | 100% BONUS DEPRECIATION
- 18 TOTAL PUMPS ON A 4.96 AC LOT, ABILITY TO HANDLE MAJOR DEMAND
- POSITIONED DIRECTLY OFF I-94, SEEING 40K VEHICLES PER DAY
- SITUATED ON THE PRIMARY INTERSTATE BETWEEN MADISON AND MILWAUKEE, PROVIDING IRREPLACEABLE VISIBILITY AND ACCESS FOR LONG-TERM REAL ESTATE FUNDAMENTALS
- LEASE IS GUARANTEED BY AN EXPERIENCED 75 UNIT OPERATOR
- 16.5+ YEARS REMAINING ON AN ABSOLUTE NNN LEASE | NO LANDLORD RESPONSIBILITIES
- 1.5% ANNUAL RENT INCREASES PROVIDE A HEDGE AGAINST INFLATION
- THIS PROPERTY QUALIFIES FOR 100% BONUS DEPRECIATION IN YEAR ONE
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$266,648.00
$22,220.67/mo
Valuation Metrics
0
DSCR
8.12%
Cap Rate
8.12%
ROI
Map
Zoning
B CommercialGeneral CommercialBusiness
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View all 39 uses
View all 39 uses Last updated Jun 10, 2026 For deeper zoning details, reports are available at Zoneomics
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