16330 Arapahoe Rd Foxfield, CO 80016

Property Details for 16330 Arapahoe Rd

Year built

2006

Lot size

1.03 lot acres

Property size

5,051 SF

Property type

Grocery and convenience stores

Property subtype

Gas stations

Description

This exceptional investment opportunity presents a 5,051 square foot retail property, operating as a Waterway Gas & Wash convenience store and gas station, located at 16330 E Arapahoe Rd, Foxfield, CO 80016. The property sits on a 1.03-acre lot and includes 17 parking spaces and 6 gas pumps. Currently operating under an Absolute NNN ground lease with a corporate guarantee, this property offers significant advantages to investors seeking a low-maintenance, high-return asset. The lease commenced April 1, 2006, and expires March 31, 2028, with a remaining term of approximately 3.4 years. Six 5-year lease options are included, providing long-term stability. The current asking price is $3,270,000, representing a price per square foot of $647.40 and a compelling 6.01% cap rate based on a Net Operating Income (NOI) of $196,390. The property boasts 100% occupancy and features rent bumps of 10% every 5 years, ensuring consistent income growth. Built in 2006, this well-established business benefits from a strong tenant history, having occupied the premises since its inception. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.