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7-Eleven 402 W 3rd St 2,400 SF Retail Building Wray, CO 80758 $1,600,000 ($666.67/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare 15-Year Lease Extension: 7-Eleven signed a 15-year lease extension – a term seldom granted by the tenant
- 100% Bonus Depreciation Eligible: Property qualifies for year one bonus depreciation or 15 year accelerated depreciation
- Established, High-Performing Location: Operating successfully since 2008; proven track record indicates strong sales and high tenant commitment.
- Absolute NNN Lease: Zero Landlord Responsibilities: ±15 years remaining (expires June 2040) with three 5-year options
- Corporate Guarantee: Investment-Grade Credit: Lease guaranteed by 7-Eleven, Inc. (S&P: A rating), the world’s largest convenience retailer
- Highly Strategic Highway Location: Prominent corner site just off U.S. Highway 385 and U.S. Route 34, capturing both local and traveler traffic
EXECUTIVE SUMMARY
Brayden Conner
License # EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Retailer
- -
- -
- -
In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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|
Retailer | - | - | - |
PROPERTY TAXES
| Parcel Number | W000277 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $85,530 |
PROPERTY TAXES
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7-Eleven | 402 W 3rd St
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