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3505 S Kipling St 360 SF Retail Building Lakewood, CO 80235 $3,200,000 ($8,888.89/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-YEAR SALE LEASEBACK WITH 10% INCREASES EVERY (5) YEARS AND (4) 5 YEARS OPTIONS
- GUARANTEED BY EXPERIENCED 10-UNIT OPERATOR
- HIGH BARRIER TO ENTRY MARKET WITH LIMITED COMPETITION
- STRONG SURROUNDING DEMOGRAPHICS ($114,297 AVG HHI WITHIN A 3 MILE RADIUS)
EXECUTIVE SUMMARY
Pinnacle Real Estate Advisors is pleased to present investors with the opportunity to acquire a single tenant net lease Gas Station Convenience Store in a high barrier to entry market with limited competition.
The property is a sale leaseback being sold with 20 years of term on an absolute net lease with no landlord responsibilities. The tenant is an experienced operator with 10 locations
Located in a high-income suburb of Denver with average household incomes of $114,297 within a 3-mile radius. The property benefits from abundant traffic on Kipling Street and convenient access to Highway 285
The property is a sale leaseback being sold with 20 years of term on an absolute net lease with no landlord responsibilities. The tenant is an experienced operator with 10 locations
Located in a high-income suburb of Denver with average household incomes of $114,297 within a 3-mile radius. The property benefits from abundant traffic on Kipling Street and convenient access to Highway 285
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Building Size
360 SF
Building Class
C
Year Built/Renovated
1976/2021
Price
$3,200,000
Price Per SF
$8,888.89
Cap Rate
7.75%
NOI
$248,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.45 AC
Zoning
C1
PROPERTY TAXES
| Parcel Number | 59-041-00-001 | Improvements Assessment | $3,649 |
| Land Assessment | $127,439 | Total Assessment | $131,088 |
PROPERTY TAXES
Parcel Number
59-041-00-001
Land Assessment
$127,439
Improvements Assessment
$3,649
Total Assessment
$131,088
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3505 S Kipling St
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