1351 Co-119Golden, CO 80403

For Sale
$5,976,000

High-Yield NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
91
Exceptional investment opportunity: This 3,024 square foot gas station in Golden, Colorado, presents a compelling sale-leaseback proposition. Located at 1351 CO-119, this single-building property boasts a 20-year absolute NNN lease with a credit-rated tenant, ensuring a stable income stream. Built in 1997, the property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $388,500, representing a 6.50% cap rate. The asking price is $5,976,000, translating to $1,976.19 per square foot. The tenant, a subsidiary of Maverick Gaming, LLC, a leading multi-regional gaming operator with a BBB- (Moody's) and B- (S&P) credit rating, operates this strategically located gas station serving travelers between Denver and Black Hawk, Colorado. Black Hawk's popularity as a casino destination, attracting an estimated 20,000 visitors daily, ensures consistent high traffic and revenue generation. The property's strong financials, long-term lease, and prime location make it an ideal addition to any investment portfolio. APN: R001471. This is a truly exceptional opportunity for passive income generation with minimal landlord responsibilities.

Highlights

  • $5,976,000 Asking Price for a Retail Gas Station Sale/Leaseback.
  • Absolute NNN lease with a credit-rated tenant (BBB- Moody's, B- S&P).
  • 20-year remaining lease term; 100% occupancy.
  • 3,024 square feet; $1,976.19 price per square foot; 6.50% cap rate.
  • $388,500 Net Operating Income (NOI).
  • Located at 1351 CO-119, Golden, CO 80403 (APN: R001471).

Property Details for 1351 Co-119

Property type
Other retail properties, Automotive properties
Square Feet
3,024 SF
Year Built
1997
Buildings
1

Location Insight

City
Golden
County
Gilpin
State
Colorado
Latitude
39.7591709
Longitude
-105.4137406
1351 Co-119, Golden, Colorado

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1351 Co-119
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