3505 S Kipling St - Retail FOR SALE


Lakewood, CO 80235
$3,200,000 USD
303-376-3672
3505 S Kipling St, Lakewood, CO for Sale
$3,200,000 USD
Retail - FOR SALE
1/4
null | 7.75% Cap Rate

3505 S Kipling St
Lakewood, CO 80235


HIGHLIGHTS

  • 20-YEAR SALE LEASEBACK WITH 10% INCREASES EVERY (5) YEARS AND (4) 5 YEARS OPTIONS
  • HIGH BARRIER TO ENTRY MARKET WITH LIMITED COMPETITION
  • GUARANTEED BY EXPERIENCED 10-UNIT OPERATOR
  • STRONG SURROUNDING DEMOGRAPHICS ($114,297 AVG HHI WITHIN A 3 MILE RADIUS)

OVERVIEW

Pinnacle Real Estate Advisors is pleased to present investors with the opportunity to acquire a single tenant net lease Gas Station Convenience Store in a high barrier to entry market with limited competition. The property is a sale leaseback being sold with 20 years of term on an absolute net lease with no landlord responsibilities. The tenant is an experienced operator with 10 locations Located in a high-income suburb of Denver with average household incomes of $114,297 within a 3-mile radius. The property benefits from abundant traffic on Kipling Street and convenient access to Highway 285

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$13,913 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C1

APN/PARCEL ID

59-041-00-001

ASK ABOUT THIS PROPERTY

Peter PelusoPinnacle Real Estate AdvisorsMore Info
303-376-3672

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Peter PelusoPinnacle Real Estate AdvisorsMore Info
303-376-3672

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