317 E Main St - Convenience Store FOR SALE


Rangely, CO 81648
$3,719,303 USD
847-562-9280
317 E Main St, Rangely, CO for Sale
$3,719,303 USD
Convenience Store - FOR SALE
1/4
null | 5.6% Cap Rate

317 E Main St
Rangely, CO 81648


HIGHLIGHTS

  • 100% bonus depreciation – consult with your tax advisor
  • Absolute NNN – No landlord responsibilities
  • Located along East Main Street, the primary thoroughfare in Rangely
  • Nearby retailers include Ace Hardware, TrueValue, Dollar General, NAPA Auto Parts, & several others
  • Within walking distance from Rangely High School
  • Maverik acquired Kum & Go in 2023 for $2 billion

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Maverik c-store and fuel station located in Rangely, Colorado. Previously operated as a Kum & Go since 2020, the property was recently rebranded to Maverik following the brand’s $2 billion acquisition in 2023. The lease runs through June 2033 and is absolute triple net, featuring no landlord responsibilities. The lease features 7.5% rental escalations every five years throughout the primary term and four 5-year renewal options. The next rental escalation is scheduled for January 2030. As a fuel station asset, the property may qualify for 100% bonus depreciation—buyers are encouraged to consult their tax advisors for details. The 3,678 square-foot building is situated along East Main Street, Rangely’s primary thoroughfare. The property benefits from its proximity to Colorado Northwestern Community College and Rangely District Hospital, two of the area’s main traffic drivers. Additionally, the property is within walking distance of Rangely High School and close to major retailers such as Ace Hardware, True Value, Dollar General, and NAPA Auto Parts. The average household income within ten miles of the property exceeds $85,000. Maverik, founded in 1928 and headquartered in Salt Lake City, Utah, operates as a leading convenience store chain under the banner “Adventure’s First Stop.” With a focus on fueling outdoor enthusiasts, the company has grown to over 800 locations across 20 states, offering a wide range of products including fresh food, beverages, and fuel services. In 2023, Maverik significantly expanded its footprint by acquiring Kum & Go and Solar Transport for a reported $2.25 billion, doubling its store count and boosting its annual revenue with Kum & Go’s contribution of $3 billion. This strategic acquisition has positioned Maverik as one of the top ten convenience store chains in the U.S., with a robust network spanning the Midwest and Rocky Mountain regions.

FOR SALE DETAILS

PRICE

$3,719,303 USD

PRICE/SF

$1,096 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maverik

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

Commercial

APN/PARCEL ID

R102946

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

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