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402 W 3rd St
Wray, CO 80758
Retail Property For Sale
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
Property Facts
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,400 SF
Building Class
C
Year Built
1977
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.39 AC
Frontage
140’ on 3rd St
Property Taxes
| Parcel Number | W000277 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $96,040 |
Property Taxes
Parcel Number
W000277
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$96,040
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