245 Market St, Keenesburg, CO 80643-9033
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.