245 Market StKeenesburg, CO 80643

For Sale
$8,768,519

High-Yield NNN Lease, 18-Year Term

Overview

Added:
Dec 11, 2024
Days on market:
90
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.

Highlights

  • Rare 18-year absolute net lease with 10% rent increases every five years. New construction featuring 7-Eleven's prototype, including a gas station and Laredo Taco.
  • Large lot (2.42 acres), hard corner location with excellent visibility and pylon sign. 18-year initial lease term.
  • Highway-visible (I-76, 15,000+ VPD) travel center with commercial truck fueling; 3,400+ daily trucks on Market Street. Excellent Denver access.
  • Investment-grade tenant (7-Eleven): Fortune 500 company, "A" S&P credit rating, over $73 billion annual revenue, and 43+ years average occupancy.
  • Affluent area ($109,000+ average household income within 5 miles). 40 minutes northeast of Denver, 30 minutes from DIA.
  • Strong Denver market: 19.22% population growth since 2010; $157.6 billion gross metropolitan product (18th nationally).

Property Details for 245 Market St

Property type
Other retail properties, Individual retail properties
Square Feet
4,780 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
105,415 SF

Location Insight

City
Keenesburg
County
Weld
State
Colorado
Latitude
40.112872
Longitude
-104.5218423
245 Market St, Keenesburg, Colorado

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245 Market St
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