245 Market St Keenesburg, CO 80643-9033
- Turn key restaurants
- 5,566 SF
- 2.46 lot acres
Jan 21, 2025
Current Use by Public Records
- Turn key restaurants
Property Details for 245 Market St
- Year built
- 1986
- Lot size
- 2.46 lot acres
- Property size
- 5,566 SF
- Property type
- Turn key restaurants
- APN
- R8981432
- APU
- R8981432
Description
This exceptional investment opportunity presents a brand-new, 4,780 square foot 7-Eleven convenience store and gas station located at 245 Market St, Keenesburg, CO 80643. Boasting a highly desirable absolute NNN lease with a corporate guarantee from 7-Eleven, this property offers a secure, long-term investment with significant upside. The lease, expiring August 31, 2042, includes a substantial remaining term of 17.8 years and features 10% rent increases every five years, ensuring consistent income growth. The property sits on a 2.42-acre lot, providing ample space and excellent visibility from I-76, a major highway with over 15,000 vehicles per day and 3,400+ trucks daily on Market Street. This hard corner location features a freestanding pylon sign, ensuring high visibility and easy access. The property's design incorporates 7-Eleven's new prototype, including a Laredo Taco Company, further enhancing its appeal and revenue potential. The strong tenant, 7-Eleven, is a Fortune 500 company with an "A" S&P credit rating and over $73 billion in annual revenue, demonstrating exceptional financial stability and a long history of lease performance (averaging over 43 years of occupancy). The property benefits from its location in an affluent area with an average household income exceeding $109,000 within a 5-mile radius, and its proximity to Denver (40 minutes northeast) and Denver International Airport (30 minutes). The asking price is $8,768,519, representing a 5.40% cap rate and a net operating income (NOI) of $473,500. This property offers significant tax benefits through accelerated depreciation and cost segregation, further enhancing its investment appeal. The lease also includes a rare fuel sales reporting clause for bonus depreciation. This is a rare opportunity to acquire a high-quality, long-term net lease investment in a rapidly growing market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,985,000
- ML approach
- $7,915,000
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Location Insight
- Map
- Local Demand
- City
- Keenesburg
- County
- Weld
- State
- Colorado
- Longitude
- -104.522
- Latitude
- 40.1128
- CBSA code
- 24540
- CBSA name
- GREELEY, CO METROPOLITAN STATISTICAL AREA
