16330 Arapahoe RdFoxfield, CO 80016

This exceptional investment opportunity presents a 5,051 square foot retail property, operating as a Waterway Gas & Wash convenience store and gas station, located at 16330 E Arapahoe Rd, Foxfield, CO 80016. The property sits on a 1.03-acre lot and includes 17 parking spaces and 6 gas pumps. Currently operating under an Absolute NNN ground lease with a corporate guarantee, this property offers significant advantages to investors seeking a low-maintenance, high-return asset. The lease commenced April 1, 2006, and expires March 31, 2028, with a remaining term of approximately 3.4 years. Six 5-year lease options are included, providing long-term stability. The current asking price is $3,270,000, representing a price per square foot of $647.40 and a compelling 6.01% cap rate based on a Net Operating Income (NOI) of $196,390. The property boasts 100% occupancy and features rent bumps of 10% every 5 years, ensuring consistent income growth. Built in 2006, this well-established business benefits from a strong tenant history, having occupied the premises since its inception. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.