Offering Memorandum
Highlights
- 20-Year Sale Leaseback with 10% Rent Increases every 5 Years and 4 x 5-Year Options
- Multi-Facet Service Station - 12 Pumps, Convenience Store, Mr. Taco Restaurant, and U-Haul Neighborhood Dealer Providing Multiple Streams of Income to the Tenant
- Guaranteed by Experienced 3-Unit Service Station Operator
- Strong Surrounding Demographics and Growth - $119,619 AHHI and 25.02% Population Growth in 1-Mile Radius
- Adjacent to Autowash - Synergistic Car Wash Operator Driving Traffic to Subject Property
- Price: $2,835,000
- Lot Size: 0.86 AC
- Cap Rate: 8.0%
- Lease Type: Absolute Triple Net Sale-Leaseback
- Year Built: 2007
- Building SF: 3,229 SF
- Status: Active
- Guarantor: Franchisee - Colorado One LLC