10128 Wadsworth Pky - Convenience Store FOR SALE


Westminster, CO 80021- Westcliff & Cambridge
$3,850,000 USD
949-724-5552
10128 Wadsworth Pky, Westminster, CO for Sale
$3,850,000 USD
Convenience Store - FOR SALE
1/7
null | 5.5% Cap Rate

10128 Wadsworth Pky
Westminster, CO 80021
Westcliff & Cambridge


HIGHLIGHTS

  • Corporate 7-Eleven – Investment-Grade Credit Rating (S&P: A) - Largest C-Store Brand Worldwide
  • Long Term Operating History - Over 26 Years at Location
  • Over 7.4 Years Remaining on Primary Term - 10% Rent Increases in Primary Term & Option Periods
  • Minimal Landlord Responsibilities (Structure Only)
  • Across from Standley Lake High School - Apprx. 1,182 Students Enrolled

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to purchase a well-established corporate 7-Eleven (C-Store & Service Station) in Westminster, CO. 7-Eleven is the largest operator, franchisor, and licensor of convenience stores worldwide, operates over 13,000 stores in the U.S. and Canada (85,000 globally) and has an investment grade credit rating of “A” from S&P (Moody’s: “Baa2”). With over 26 years of successful occupancy, 7.4 lease years remaining in the primary term, two 5-year option periods, 10% rent increases every 5 years and minimal landlord responsibilities this asset is ideal for an investor seeking years of inflation resistant income. The 3,030 SF building on large 1.37-acre parcel is located on the hard corner signalized intersection of Wadsworth Parkway and W 101st Avenue, which have a combined traffic count exceeding 47,900 VPD, and is an outparcel to the VASA Fitness anchored Standley Lake Market Place. The Shops at Walnut Creek, a PetSmart, TJ Maxx & HomeGoods anchored community center is only 1.2 miles from the subject property while the Westminster Promenade is only 1.5 miles away. The Westminster Promenade redevelopment project comprises over 32 acres and over 1 million SF of retail, restaurants, hospitality, and residential attractions. Other nearby retailers include McDonald’s, Starbucks, Panera Bread, Target, King Soopers, Walgreens, Wells Fargo, La-Z-Boy and more. This is an excellent opportunity to acquire a net leased 7-Eleven in the Denver MSA (population exceeding 3 million) with a long-term lease, multiple option periods, rent increases, corporate guarantee, and minimal landlord responsibilities, providing years of worry-free cash flows.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$1,310 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

PUD, Westminster

APN/PARCEL ID

29-151-01-021

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.