754 Peoria StAurora, CO 80011

For Sale
$775,000

High-Traffic NNN Gas Station, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 1,593 square foot gas station situated on a 0.34-acre lot at 754 Peoria St, Aurora, CO 80011. Built in 1954 and renovated in 2001, this six-pump station benefits from a new 10-year lease with a favorable 4% annual rent increase. The property boasts a strong 7.00% cap rate and a net operating income (NOI) of $54,000, making it an attractive addition to any portfolio. Located within the Hoffman Heights Shopping Center, this location enjoys high visibility and traffic counts of 17,553 vehicles per day on Peoria and 6th Avenue, providing excellent access to major thoroughfares including I-225, 6th Avenue, and E Colfax Avenue. The property is zoned MU-C and offers bonus depreciation advantages for the new owner. The asking price is $775,000, representing a price per square foot of $486.50. This NNN lease structure minimizes landlord responsibilities, offering a passive income stream with significant upside potential. The property's prime location and strong lease terms make it an ideal investment for those seeking a stable, high-return asset in a thriving Colorado market.

Highlights

  • $775,000 asking price for this net-leased gas station.
  • 1,593 square foot building on a 0.34-acre lot in Aurora, CO.
  • 7.00% cap rate with a $54,000 NOI.
  • New 10-year lease with 4% annual rent increases.
  • Six-pump gas station in the Hoffman Heights Shopping Center.

Property Details for 754 Peoria St

Property type
Other retail properties, Automotive properties
Square Feet
1,593 SF
Year Built/Renovated
1954/2001
Buildings
1
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Aurora
County
Arapahoe
State
Colorado
Latitude
39.72770440154
Longitude
-104.84688663681
754 Peoria St, Aurora, Colorado

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754 Peoria St
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