Auto Service - Gas-Conv
Conoco | Abs NNN 20 Yr SLB
931 S Kipling Pkwy, Lakewood, CO 80226
Listing Price: $2,835,000
Cap Rate
8.00%
Tenant Name
Conoco
Gross SF
1,349
Guarantor
Personal Guarantee
Rentable SF
1,349
Price/Gross SF
$2,101.56
Lease Type
Absolute Net
Rent Per Square Feet
$168.12
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Conoco in Lakewood, CO
Conoco | Abs NNN 20 Yr SLB
Investment Highlights
- 20-Year Sale Leaseback with 10% increases every five years and four (4) five-year options
- Multi-Facet Service Station – 8 Pumps, Convenience Store, U-Hau l Neighborhood Dealer, and Mr. Taco Restaurant Providing Multiple Streams of Income and Visitation to the Tenant
- Guaranteed by Experienced 9-Unit Service Station Operator
- Direct frontage to S Kipling Pkwy, a major Denver MSA thoroughfare are seeing over 44k VPD
- Adjacent to two car washes providing synergies to the subject property
Exclusively Listed By
Listing Price: $2,835,000
Cap Rate
8.00%
Tenant Name
Conoco
Gross SF
1,349
Guarantor
Personal Guarantee
Rentable SF
1,349
Price/Gross SF
$2,101.56
Lease Type
Absolute Net
Rent Per Square Feet
$168.12
Investment Highlights
- 20-Year Sale Leaseback with 10% increases every five years and four (4) five-year options
- Multi-Facet Service Station – 8 Pumps, Convenience Store, U-Hau l Neighborhood Dealer, and Mr. Taco Restaurant Providing Multiple Streams of Income and Visitation to the Tenant
- Guaranteed by Experienced 9-Unit Service Station Operator
- Direct frontage to S Kipling Pkwy, a major Denver MSA thoroughfare are seeing over 44k VPD
- Adjacent to two car washes providing synergies to the subject property
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Conoco in Lakewood, CO
Exclusively Listed By
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