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Auto Service - Gas-Conv

7-Eleven Truck Stop w/ Gas Station | Denver MSA | Rare 18 Year Absolute Net Lease | Hard Corner

245 Market St, Keenesburg (Denver MSA), CO 80643

Listing Price: $8,768,519

Cap Rate
5.40%
Tenant Name
7-Eleven
Years Remaining On Lease
17.9
Gross SF
4,780
Guarantor
Corporate Guarantee
Rentable SF
4,780
Price/Gross SF
$1,834.42
Lease Type
Absolute Net
Rent Per Square Feet
$99.06

Investment Overview

Keenesburg is located in Weld County, Colorado. Weld County is a county located in the U.S. state of Colorado. As of the 2020 census, the population was 328,981. The county seat is Greeley. Weld County comprises the Greeley, CO Metropolitan Statistical Area, which is included in the Denver–Aurora, CO Combined Statistical Area. Denver is the central city of a conurbation region in the U.S. state of Colorado. The conurbation includes one continuous region consisting of the six central counties of Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson. The Denver region is part of the Front Range Urban Corridor and its metropolitan planning organization is the Denver Regional Council of Governments. The United States Office of Management and Budget has delineated the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area consisting of ten Colorado counties: the City and County of Denver, Arapahoe County, Jefferson County, Adams County, Douglas County, the City and County of Broomfield, Elbert County, Park County, Clear Creek County, and Gilpin County. The population, as of the 2020 Census, is 2,963,821, an increase of 16.5% since 2010. The Office of Management and Budget also delineated the more extensive 12-county Denver–Aurora, CO Combined Statistical Area comprising the Denver-Aurora-Lakewood Metropolitan Statistical Area, the Boulder, CO Metropolitan Statistical Area, and the Greeley, CO Metropolitan Statistical Area.

Investment Highlights

  • Rare 18 Year Absolute Net Lease Featuring 10% Rental Increase in Year 11, 16 and at Each Option. Brand New High Quality Construction w/ Tenant's New Prototype Featuring Gas Station and Laredo Taco.
  • Large Lot Size. Only 18 Year Initial Lease Term on Market. Hard Corner Location: Featuring Easy Access and Excellent Visibility w/ Freestanding Pylon Sign.
  • Highway Visible Travel Center (along I-76 | 15k+ VPD) w/ Commercial Truck Fueling. I-76 Connects Keenesburg directly to Downtown Denver. 3,400+ Trucks per Day Pass through on Market Street.
  • Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $73.15 Billion. 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • Affluent Area: Features an Average Household Income of more than $109k within a 5-Mile Radius. Keenesburg is located about 40 Minutes Northeast of Downtown Denver and 30 Minutes from Denver International Airport.
  • The City of Denver has seen a 19.22% increase in Population growth since 2010. The Denver MSA has a Gross Metropolitan Product of $157.6 Billion, making it the 18th Largest Metro Economy in the Nation.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Lease features Rare Fuel Sales Reporting Clause for Bonus Depreciation.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Auto Service - Gas-Conv

7-Eleven Truck Stop w/ Gas Station | Denver MSA | Rare 18 Year Absolute Net Lease | Hard Corner

Listing Price: $8,768,519

Cap Rate
5.40%
Tenant Name
7-Eleven
Years Remaining On Lease
17.9
Gross SF
4,780
Guarantor
Corporate Guarantee
Rentable SF
4,780
Price/Gross SF
$1,834.42
Lease Type
Absolute Net
Rent Per Square Feet
$99.06

Investment Highlights

  • Rare 18 Year Absolute Net Lease Featuring 10% Rental Increase in Year 11, 16 and at Each Option. Brand New High Quality Construction w/ Tenant's New Prototype Featuring Gas Station and Laredo Taco.
  • Large Lot Size. Only 18 Year Initial Lease Term on Market. Hard Corner Location: Featuring Easy Access and Excellent Visibility w/ Freestanding Pylon Sign.
  • Highway Visible Travel Center (along I-76 | 15k+ VPD) w/ Commercial Truck Fueling. I-76 Connects Keenesburg directly to Downtown Denver. 3,400+ Trucks per Day Pass through on Market Street.
  • Strong Tenant - The Company is Ranked #129 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $73.15 Billion. 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • Affluent Area: Features an Average Household Income of more than $109k within a 5-Mile Radius. Keenesburg is located about 40 Minutes Northeast of Downtown Denver and 30 Minutes from Denver International Airport.
  • The City of Denver has seen a 19.22% increase in Population growth since 2010. The Denver MSA has a Gross Metropolitan Product of $157.6 Billion, making it the 18th Largest Metro Economy in the Nation.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation. Lease features Rare Fuel Sales Reporting Clause for Bonus Depreciation.

Investment Overview

Keenesburg is located in Weld County, Colorado. Weld County is a county located in the U.S. state of Colorado. As of the 2020 census, the population was 328,981. The county seat is Greeley. Weld County comprises the Greeley, CO Metropolitan Statistical Area, which is included in the Denver–Aurora, CO Combined Statistical Area. Denver is the central city of a conurbation region in the U.S. state of Colorado. The conurbation includes one continuous region consisting of the six central counties of Adams, Arapahoe, Broomfield, Denver, Douglas, and Jefferson. The Denver region is part of the Front Range Urban Corridor and its metropolitan planning organization is the Denver Regional Council of Governments. The United States Office of Management and Budget has delineated the Denver–Aurora–Lakewood, CO Metropolitan Statistical Area consisting of ten Colorado counties: the City and County of Denver, Arapahoe County, Jefferson County, Adams County, Douglas County, the City and County of Broomfield, Elbert County, Park County, Clear Creek County, and Gilpin County. The population, as of the 2020 Census, is 2,963,821, an increase of 16.5% since 2010. The Office of Management and Budget also delineated the more extensive 12-county Denver–Aurora, CO Combined Statistical Area comprising the Denver-Aurora-Lakewood Metropolitan Statistical Area, the Boulder, CO Metropolitan Statistical Area, and the Greeley, CO Metropolitan Statistical Area.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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