17050 Smith RdAurora, CO 80011

For Sale
$2,819,791

High-traffic Aurora, CO 7-Eleven

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a fee-simple 7-Eleven convenience store and gas station in Aurora, Colorado. Located at the hard corner of Airport Blvd. and Smith Rd., this 2,980 square foot property boasts a prime location with over 50,000 vehicles passing daily. The property features 10 gas pumps and benefits from a 15-year triple-net lease (NNN) with a corporate guarantee from 7-Eleven, a credit-rated, investment-grade tenant (S&P: A). The lease commenced October 30, 2017, and has 7.9 years remaining, with four 5-year options at fixed rent. The property sits on a 0.69-acre lot and was built in 2017. The current net operating income (NOI) is $162,138, resulting in a 5.75% cap rate and a price per square foot of $946.24. The asking price is $2,819,791. This is a strong, stable investment in a high-growth area, offering excellent visibility and access. The lease includes rent bumps and a structural carve-out in the NNN lease, with the landlord responsible for foundation and structure, and 7-Eleven responsible for roof repairs and replacement. The property's location within Denver's Airport industrial submarket, near substantial residential areas, ensures continued strong performance. This is a rare opportunity to acquire a well-performing, nationally branded, net-leased property with significant upside potential.

Highlights

  • High-traffic corner location at Airport Blvd. and Smith Rd. with over 50,000 vehicles daily.
  • Investment-grade tenant (7-Eleven, S&P: A).
  • Triple-net lease with landlord responsible for foundation and structure; tenant responsible for roof.
  • Excellent location in Denver's Airport industrial submarket, near high residential density.

Property Details for 17050 Smith Rd

Property type
Other retail properties, Automotive properties
Square Feet
2,980 SF
Year Built
2017
Buildings
1
Lot Size (sq. ft)
30,056 SF
Units
1

Location Insight

City
Aurora
County
Adams
State
Colorado
Latitude
39.7548656
Longitude
-104.7904447
17050 Smith Rd, Aurora, Colorado

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17050 Smith Rd
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