Maverik 317 E Main St 3,678 SF 100% Leased Retail Building Rangely, CO 81648 $3,530,186 ($959.81/SF) 5.90% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Maverik c-store and fuel station located in Rangely, Colorado. Previously operated as a Kum & Go since 2020, the property was recently rebranded to Maverik following the brand’s $2 billion acquisition in 2023. The lease runs through June 2033 and is absolute triple net, featuring no landlord responsibilities. The lease features 7.5% rental escalations every five years throughout the primary term and four 5-year renewal options. The next rental escalation is scheduled for January 2030. As a fuel station asset, the property may qualify for 100% bonus depreciation—buyers are encouraged to consult their tax advisors for details.
The 3,678 square-foot building is situated along East Main Street, Rangely’s primary thoroughfare. The property benefits from its proximity to Colorado Northwestern Community College and Rangely District Hospital, two of the area’s main traffic drivers. Additionally, the property is within walking distance of Rangely High School and close to major retailers such as Ace Hardware, True Value, Dollar General, and NAPA Auto Parts. The average household income within ten miles of the property exceeds $85,000.
Maverik, founded in 1928 and headquartered in Salt Lake City, Utah, operates as a leading convenience store chain under the banner “Adventure’s First Stop.” With a focus on fueling outdoor enthusiasts, the company has grown to over 800 locations across 20 states, offering a wide range of products including fresh food, beverages, and fuel services. In 2023, Maverik significantly expanded its footprint by acquiring Kum & Go and Solar Transport for a reported $2.25 billion, doubling its store count and boosting its annual revenue with Kum & Go’s contribution of $3 billion. This strategic acquisition has positioned Maverik as one of the top ten convenience store chains in the U.S., with a robust network spanning the Midwest and Rocky Mountain regions.