11531 Ken Caryl Ave Littleton, CO 80127-3873

This exceptional investment opportunity presents a 1,838 square foot Valero convenience store, operated by GPM Investments, the 6th largest convenience store chain in the US. Located at 11531 W Ken Caryl Ave, Littleton, CO 80127, this property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $100,000. The property sits on a 0.91-acre lot and benefits from a 10-year absolute NNN lease commencing September 1, 2024, and expiring August 31, 2034, with four 5-year renewal options. Rent increases are built in, with an 8% bump every five years throughout the primary term and options, ensuring consistent income growth. Built in 1993, the store enjoys a prime location on W Ken Caryl Ave (19,178+ vehicles per day) and is just two miles west of Highway 121 (35,718+ vehicles per day), providing excellent visibility and accessibility. The property benefits from a corporate guarantee from GPM Investments, mitigating tenant risk. With a strong tenant, favorable lease terms, and a desirable location just 10 miles southwest of downtown Denver, this offering presents a compelling investment opportunity within a thriving market boasting a population of over 3 million within the MSA and 532,051 residents within a 10-mile radius. The property's high traffic count, strong demographics, and secure lease structure make it an ideal addition to any portfolio.