Offering Memorandum
Highlights
- 20-Year Absolute Triple-Net Sale Leaseback with 4 x 5-Year Options and 10% Increases every Five-Years
- Corporate Guaranty from Innovative Grocer/Fuel Store operator, Choice Market who offer fresh produce, meat, baked goods, and beer in addition to fuel and electric charging stations
- Substantial Tenant Investment - $2.5MM+ in renovations to previous restaurant building including: New fuel canopy, four (4) fuel dispensers, two (2) electric vehicle charging stations, fully renovated interior & exterior, HVAC, Signage, and more
- Choice Market is a one-of-a-kind asset that features a variety of income streams to the operator. In addition to their fuel and EV services, Choice Market offers freshly made breakfast, lunch, and dinner as well as a plethora of locally sourced grocery products.
- 35k+ Residents within a 1-Mile Radius, Hard Corner with Direct Visibility along E Colfax 28,000+ VPD with East and Westbound Access Points
- Walking Distance from East High School (2,500 students) and Proximate to City Park, Denver Zoo, and Downtown Denver
- Price: $3,600,000
- Lot Size: 0.32 AC
- Cap Rate: 6.00%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 1971/2020
- Building SF: 2,304 SF
- Status: Active