Maverik 620 E Fillmore St 5,328 SF Retail Building Colorado Springs, CO 80907 $4,875,286 ($915.03/SF) 5.60% 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 Colorado Springs, Colorado. Previously operated as a Kum & Go since 2013, 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 July 2028. As a fuel station asset, the property may qualify for 100% bonus depreciation—buyers are encouraged to consult their tax advisors for details.
The 5,328 square-foot building is located at a signalized intersection along East Fillmore Street and experiences more than 36,000 vehicles per day. The property benefits from the proximity to Interstate 25 (149,000 VPD) and North Nevada Avenue (31,000 VPD), two major throughfares connecting to Denver. The property is just minutes from CommonSpirit – Penrose Hospital (364 beds) and Colorado Springs Country Club, drawing continual traffic to the area. Neighboring retailers include VASA Fitness, McDonald’s, Whataburger, Walgreens, AutoZone, O’Reilly Auto Parts, Buffalo Wild Wings, Express Car Wash, and more. More than 256,000 people live within a five-mile radius while earning a six-figure average household income ($100,000+).
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.