Gas Station with Car
2202 W Evans Avenue Englewood, CO 80110
For Sale
$900,000
Convenience store and car wash property with covered fuel pumps and a standalone wash building.
Property Size2,112 SF
Price / SF$426.14
Days on Market97
Property Features for 2202 W Evans Avenue
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Retail
Building Details
Year Built
1986
Listing Agency:
Ajax Realty Group
(303) 549-4182
Listed By:
Brett Bennett · License #40005471
(303) 549-4182
Source:
Xome
Added: Apr 24
Changed: Jul 10
Last Checked: Jun 14 at 2:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ajax Realty Group
Investment Insights
Based on property information with market context.
This property is currently operating as a Circle K convenience store and gas station, anchored by a 1,320 sq. ft. retail building and a 792 sq. ft. standalone car wash. The site includes eight covered fuel pumps and supports both convenience retail and on-site vehicle washing in a single operating location.
The property is located in Englewood, Colorado, positioned just off a major thoroughfare for access and drive-by exposure. Circle K has an absolute triple-net lease in place, with base annual income reported as $43,044. The current lease term runs through the end of November.
For buyers or investors looking for a stabilized, retail-fueled convenience and car wash asset, the existing operating setup provides a straightforward path to ownership with a current national convenience operator under lease. With renewal terms described as potentially extending up to 15 years, based on successful 5-year terms, this offering may appeal to those seeking a hands-off structure while planning for lease-end negotiations.
The property is located in Englewood, Colorado, positioned just off a major thoroughfare for access and drive-by exposure. Circle K has an absolute triple-net lease in place, with base annual income reported as $43,044. The current lease term runs through the end of November.
For buyers or investors looking for a stabilized, retail-fueled convenience and car wash asset, the existing operating setup provides a straightforward path to ownership with a current national convenience operator under lease. With renewal terms described as potentially extending up to 15 years, based on successful 5-year terms, this offering may appeal to those seeking a hands-off structure while planning for lease-end negotiations.
Key Highlights
- Circle K convenience store and gas station on a corner lot with eight covered fuel pumps
- Includes a 1,320 SF retail building plus a 792 SF standalone car wash building
- Currently under a triple‑net lease with base annual income of $43,044 and a 4.8% cap rate
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.0k | $27.00 |
| − Vacancy | −$2.5k | −$1.19 |
| EGI | $54.5k | $25.81 |
| − OpEx | −$16.4k | −$7.74 |
| NOI | $38.2k | $18.07 |
2,112 SF · lease $27.00/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$545.1K
$477.0K – $636.0K
NOI $38,160 @ 7.0% cap · market cap 4.24%
Second Best
Specialty Retail
$468.1K
$409.6K – $546.2K
NOI $32,769 @ 7.0% cap · market cap 3.64%
Theoretical Best
Multifamily LT 5
$31.36M
$27.44M – $36.58M
NOI $2,194,952 @ 7.0% cap · market cap 243.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Gas station - Convenience store and car wash property with covered fuel pumps and a standalone wash building.
Where is this gas station located?
The property is located at 2202 W Evans Avenue Englewood, CO.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Circle K convenience store and gas station on a corner lot with eight covered fuel pumps; Includes a 1,320 SF retail building plus a 792 SF standalone car wash building; Currently under a triple‑net lease with base annual income of $43,044 and a 4.8% cap rate
