402 W 3rd St - Convenience Store FOR SALE
Wray, CO 80758 |
$1,600,000 USD
402 W 3rd St
Wray, CO 80758
HIGHLIGHTS
- Rare 15-Year Lease Extension: 7-Eleven signed a 15-year lease extension – a term seldom granted by the tenant
- Absolute NNN Lease: Zero Landlord Responsibilities: ±15 years remaining (expires June 2040) with three 5-year options
- 100% Bonus Depreciation Eligible: Property qualifies for year one bonus depreciation or 15 year accelerated depreciation
- Corporate Guarantee: Investment-Grade Credit: Lease guaranteed by 7-Eleven, Inc. (S&P: A rating), the world’s largest convenience retailer
- Established, High-Performing Location: Operating successfully since 2008; proven track record indicates strong sales and high tenant commitment.
- Highly Strategic Highway Location: Prominent corner site just off U.S. Highway 385 and U.S. Route 34, capturing both local and traveler traffic
FOR SALE DETAILS
PRICE
$1,600,000 USD
PRICE/SF
$667 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.39 AC
LAND SF
16,988 SF
ZONING
-
APN/PARCEL ID
W000277
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