7-Eleven | 14+yrs Remain Corp Abs NNN
4,050 SF | 4-Star Retail Building | Thornton, CO 80221 | $8,566,000 ($2,115/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,566,000
- Property Type
-
Retail
- Square Feet
- 4,050 SF
- Price / Square Foot
- $2,115
Listing Contacts
Ryan Tomkins
Verified Profile
- Property Info
Property Overview
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, 24-hour, 7-Eleven investment property located in Thornton, Colorado (Denver MSA). The tenant has 14+ years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Service, Freestanding
- Lot Size (sq. ft)
- 52,708 SF
Highlights
- 14+ Years Remaining | Scheduled 7.5% Increases | Laredo Taco | Well-Known & Established Tenant
- Absolute NNN | Fee Simple Ownership | Accelerated Depreciation
- Excellent Visibility & Access | Interstate-25 | (Combined 296K VPD) Major Big-Box Retailers | Signalized, Hard Corner Intersection
- City of Thornton (6th Largest in CO) | Denver MSA | Dense Residential Corridor | Apartment Complexes
- Strong Demographics In 5-Mile Trade Area
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