11505 Belleview Ave Littleton, CO 80127-1600

Property Details for 11505 Belleview Ave

Year built

2019

Lot size

2.00 lot acres

Property size

5,790 SF

Property type

Commercial real estate

APN

59-093-10-262

APU

5909310262

Description

This exceptional investment opportunity presents a fee-simple ownership of a Maverik (formerly Kum & Go) convenience store and gas station in Littleton, Colorado, within the Denver MSA. The 5,790 square foot property, built in 2019, sits on a 2-acre lot with 28 parking spaces and boasts 16 gas pumps. The property features a Go Fresh Market and benefits from a strong triple-net (NNN) lease with Maverik, a leading convenience store brand, extending until September 30, 2039, with four to five-year lease options. Rent increases are structured with 7.5% bumps every five years and 5% at each option renewal. The property enjoys a 5.50% cap rate and a current NOI of $421,346. Strategically located on a hard-signalized corner of W Belleview Ave. and S Simms St., experiencing combined daily traffic counts of 32,824 vehicles, the property benefits from a dense residential area with 203,628 residents within a five-mile radius and 695,324 within ten miles. Its proximity to Downtown Denver (15 miles) further enhances its appeal, given Denver's robust tourism and economic activity. The property's APN is 59-093-10-262. This is a rare opportunity to acquire a high-performing, long-term net lease asset with a proven tenant in a prime location.