245 Market St Keenesburg, CO 80643-9033

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.

Location Insight

City

Keenesburg

County

Weld

State

Colorado

Longitude

-104.522

Latitude

40.1128

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments