Offering Memorandum
Highlights
- 20-Year Sale Leaseback with 10% Rent Increases every 5 Years and 4 x 5-Year Options
- Multi-Facet Service Station - 8 Pumps, Convenience Store, U-Haul Neighborhood Dealer, and Mr. Taco Restaurant Providing Multiple Streams of Income and Visitation to the Tenant
- Guaranteed by Experienced 3-Unit Service Station Operator
- Direct Frontage to S Kipling Pkwy, a Major Denver MSA thoroughfare seeing over 44k VPD
- Adjacent to Two Car Washes Providing Synergies to the Subject Property
- Price: $2,835,000
- Lot Size: 0.55 AC
- Cap Rate: 8.0%
- Lease Type: Absolute Triple Net Sale-Leaseback
- Year Built: 1971
- Building SF: 1,349 SF
- Status: Active
- Guarantor: Franchisee - Colorado One LLC