17050 Smith Rd Aurora, CO 80011-3500
- Grocery and convenience stores
- 2,980 SF
- 0.69 lot acres
Dec 23, 2024
Current Use by Public Records
- Grocery and convenience stores
Property Details for 17050 Smith Rd
- Year built
- 2017
- Lot size
- 0.69 lot acres
- Property size
- 2,980 SF
- Property type
- Grocery and convenience stores
- APN
- R0192455
- APU
- R0192455
Description
This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and gas station in Aurora, Colorado. Located at the hard corner of Airport Blvd. and Smith Rd., this 2,980 square foot property boasts a prime location with over 50,000 vehicles passing daily. The property features 10 gas pumps and benefits from a 15-year triple-net lease (NNN) with a corporate guarantee from 7-Eleven, a credit-rated, investment-grade tenant (S&P: A). The lease commenced October 30, 2017, and has 7.9 years remaining, with four 5-year options at fixed rent. The property sits on a 0.69-acre lot and was built in 2017. The current net operating income (NOI) is $162,138, resulting in a 5.75% cap rate and a price per square foot of $946.24. The asking price is $2,819,791. This is a strong, stable investment in a high-growth area, offering excellent visibility and access. The lease includes rent bumps and a structural carve-out in the NNN lease, with the landlord responsible for foundation and structure, and 7-Eleven responsible for roof repairs and replacement. The property's location within Denver's Airport industrial submarket, near substantial residential areas, ensures continued strong performance. This is a rare opportunity to acquire a well-performing, nationally branded, net-leased property with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Adams
- State
- Colorado
- Longitude
- -104.791
- Latitude
- 39.7549
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
