620 E Fillmore St - Convenience Store FOR SALE


Colorado Springs, CO 80907- Venetian Village
$5,353,255 USD
847-562-9280
620 E Fillmore St, Colorado Springs, CO for Sale
$5,353,255 USD
Convenience Store - FOR SALE
1/5
null | 5.1% Cap Rate

620 E Fillmore St
Colorado Springs, CO 80907
Venetian Village


HIGHLIGHTS

  • 100% bonus depreciation – consult with your tax advisor
  • Absolute NNN – No landlord responsibilities
  • Successful operating history since 2013
  • Located at a signalized intersection along East Fillmore Street (36,000 VPD)
  • Six-figure average household income within five miles ($100,000+)
  • Over 256,000 people live within a five-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Maverik c-store and fuel station located in Colorado Springs, Colorado. Previously operated as a Kum & Go since 2013, 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 July 2028. As a fuel station asset, the property may qualify for 100% bonus depreciation—buyers are encouraged to consult their tax advisors for details. The 5,328 square-foot building is located at a signalized intersection along East Fillmore Street and experiences more than 36,000 vehicles per day. The property benefits from the proximity to Interstate 25 (149,000 VPD) and North Nevada Avenue (31,000 VPD), two major throughfares connecting to Denver. The property is just minutes from CommonSpirit – Penrose Hospital (364 beds) and Colorado Springs Country Club, drawing continual traffic to the area. Neighboring retailers include VASA Fitness, McDonald’s, Whataburger, Walgreens, AutoZone, O’Reilly Auto Parts, Buffalo Wild Wings, Express Car Wash, and more. More than 256,000 people live within a five-mile radius while earning a six-figure average household income ($100,000+). 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

$5,353,255 USD

PRICE/SF

$1,005 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maverik

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C5

APN/PARCEL ID

63314-01-031

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 Policy.