Skip to main content

Auto Service - Gas-Conv

New 7-Eleven w/ Gas | Downtown Denver | 18 Yr Abs. NNN w/ 1.5% Annual Increases | Bonus Depreciation

5991 W Colfax Ave, Lakewood (Denver MSA), CO 80214

Listing Price: $12,675,000

Cap Rate
5.25%
Tenant Name
7-Eleven
Years Remaining On Lease
18.4
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$2,112.50
Lease Type
Absolute Net
Rent Per Square Feet
$110.88

Investment Overview

Lakewood, Colorado, is a thriving first-ring suburb located just five miles west of downtown Denver and is the fifth most populous city in the state. With a population exceeding 155,000 and growing steadily, Lakewood benefits from its strategic position within the Denver-Aurora-Lakewood Metropolitan Statistical Area (MSA)—one of the fastest-growing and most economically diverse regions in the United States.

The subject property is ideally located along West Colfax Avenue (U.S. Highway 40), a historic commercial corridor that serves as a primary east-west thoroughfare connecting downtown Denver to the western suburbs and foothills. The area immediately surrounding the site is undergoing significant revitalization, spurred by public-private investments and zoning initiatives that promote mixed-use development, higher density housing, and improved infrastructure. These efforts have attracted a wave of new residents, businesses, and developers seeking to capitalize on the corridor’s resurgence.

Lakewood boasts a diverse and educated workforce, anchored by major employers such as the Denver Federal Center, St. Anthony Hospital, and Jefferson County Public Schools. Its proximity to major highways—including I-70, US-6, and C-470—ensures efficient regional access, while RTD light rail service supports strong public transit connectivity.

The area’s favorable demographics, with average household incomes above $90,000 and a strong daytime population, support robust retail demand. In addition, Lakewood’s commitment to sustainability, walkability, and economic development make it an increasingly desirable community for both residents and investors. As Denver’s urban core continues to densify, surrounding infill locations like Lakewood are poised for long-term appreciation and continued commercial viability.

Investment Highlights

  • 18 Year Absolute Net Lease (Zero Landlord Responsibilities) feat. 1.5% Annual Rental Increases Throughout the Initial Term and Options. Brand New 2025 Construction feat. a Gas Station & Laredo Taco.
  • Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation
  • Lakewood is One of the most Assessable Cities in Metro Denver, conveniently Located Along both Colfax Avenue, a Major East/West thoroughfare, as well as the Rtd W Line, which Runs 24/7.
  • Densely Populated and Affluent Area: Features an Average Household Income of $101k+ and over 460k People Residing within a 5-Mile Radius. Strong Gentrification in this Market moving Eastward.
  • Located along East Colfax Avenue, one of Denver's Highest-Trafficked Commercial Corridors. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Daily Combined Traffic Counts Exceeding 34k Vehicles.
  • Strong Tenant - The Company is Ranked #162 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $78.50 Billion. 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • Site Benefits From Overflow Traffic From Nearby Attractions Like Sloan's Lake, Edgewater Public Market, Empower Field at Mile High, Ball Arena and Colorado Convention Center on Event Days
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including a Walmart Supercenter, The Home Depot, Target, King Soopers, Walgreens, Safeway, Natural Grocers and many more. The Property is Located in Lakewood's Artline District - the Artline is a Four-mile Long Interactive Walking and Biking Arts Route that Connects Parks, Transit and Historic Neighborhoods.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Auto Service - Gas-Conv

New 7-Eleven w/ Gas | Downtown Denver | 18 Yr Abs. NNN w/ 1.5% Annual Increases | Bonus Depreciation

Listing Price: $12,675,000

Cap Rate
5.25%
Tenant Name
7-Eleven
Years Remaining On Lease
18.4
Gross SF
6,000
Guarantor
Corporate Guarantee
Rentable SF
6,000
Price/Gross SF
$2,112.50
Lease Type
Absolute Net
Rent Per Square Feet
$110.88

Investment Highlights

  • 18 Year Absolute Net Lease (Zero Landlord Responsibilities) feat. 1.5% Annual Rental Increases Throughout the Initial Term and Options. Brand New 2025 Construction feat. a Gas Station & Laredo Taco.
  • Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation
  • Lakewood is One of the most Assessable Cities in Metro Denver, conveniently Located Along both Colfax Avenue, a Major East/West thoroughfare, as well as the Rtd W Line, which Runs 24/7.
  • Densely Populated and Affluent Area: Features an Average Household Income of $101k+ and over 460k People Residing within a 5-Mile Radius. Strong Gentrification in this Market moving Eastward.
  • Located along East Colfax Avenue, one of Denver's Highest-Trafficked Commercial Corridors. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Daily Combined Traffic Counts Exceeding 34k Vehicles.
  • Strong Tenant - The Company is Ranked #162 on Fortune Global 500 List with a S&P Investment Grade Credit Rating of "A" and an Annual Revenue of more than $78.50 Billion. 7-Eleven has never Defaulted on a Lease and Averages Over 43 Yrs Occupancy.
  • Site Benefits From Overflow Traffic From Nearby Attractions Like Sloan's Lake, Edgewater Public Market, Empower Field at Mile High, Ball Arena and Colorado Convention Center on Event Days
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including a Walmart Supercenter, The Home Depot, Target, King Soopers, Walgreens, Safeway, Natural Grocers and many more. The Property is Located in Lakewood's Artline District - the Artline is a Four-mile Long Interactive Walking and Biking Arts Route that Connects Parks, Transit and Historic Neighborhoods.

Investment Overview

Lakewood, Colorado, is a thriving first-ring suburb located just five miles west of downtown Denver and is the fifth most populous city in the state. With a population exceeding 155,000 and growing steadily, Lakewood benefits from its strategic position within the Denver-Aurora-Lakewood Metropolitan Statistical Area (MSA)—one of the fastest-growing and most economically diverse regions in the United States. The subject property is ideally located along West Colfax Avenue (U.S. Highway 40), a historic commercial corridor that serves as a primary east-west thoroughfare connecting downtown Denver to the western suburbs and foothills. The area immediately surrounding the site is undergoing significant revitalization, spurred by public-private investments and zoning initiatives that promote mixed-use development, higher density housing, and improved infrastructure. These efforts have attracted a wave of new residents, businesses, and developers seeking to capitalize on the corridor’s resurgence. Lakewood boasts a diverse and educated workforce, anchored by major employers such as the Denver Federal Center, St. Anthony Hospital, and Jefferson County Public Schools. Its proximity to major highways—including I-70, US-6, and C-470—ensures efficient regional access, while RTD light rail service supports strong public transit connectivity. The area’s favorable demographics, with average household incomes above $90,000 and a strong daytime population, support robust retail demand. In addition, Lakewood’s commitment to sustainability, walkability, and economic development make it an increasingly desirable community for both residents and investors. As Denver’s urban core continues to densify, surrounding infill locations like Lakewood are poised for long-term appreciation and continued commercial viability.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

MM Texture Background
MM Textured Background Lower