For Sale
$7,661,000

11505 Belleview Ave Littleton, CO 80127

High-yield NNN retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple ownership of a Maverik (formerly Kum & Go) convenience store and gas station in Littleton, Colorado, within the Denver MSA. The 5,790 square foot property, built in 2019, sits on a 2-acre lot with 28 parking spaces and boasts 16 gas pumps. The property features a Go Fresh Market and benefits from a strong triple-net (NNN) lease with Maverik, a leading convenience store brand, extending until September 30, 2039, with four to five-year lease options. Rent increases are structured with 7.5% bumps every five years and 5% at each option renewal. The property enjoys a 5.50% cap rate and a current NOI of $421,346. Strategically located on a hard-signalized corner of W Belleview Ave. and S Simms St., experiencing combined daily traffic counts of 32,824 vehicles, the property benefits from a dense residential area with 203,628 residents within a five-mile radius and 695,324 within ten miles. Its proximity to Downtown Denver (15 miles) further enhances its appeal, given Denver's robust tourism and economic activity. The property's APN is 59-093-10-262. This is a rare opportunity to acquire a high-performing, long-term net lease asset with a proven tenant in a prime location.

Highlights

  • 2% Co-broker fee.
  • Maverik-branded convenience store, 5,790 SF, built in 2019, includes Go Fresh Market, 16 gas pumps, on a 2-acre lot.
  • Triple-net (NNN) lease with 15 years remaining, plus four 5-year options.
  • High-traffic corner location (W Belleview Ave. & S Simms St.), 32,824 vehicles per day.
  • Strong demographics: 203,628 residents within 5 miles, 695,324 within 10 miles.
  • Located 15 miles from Downtown Denver, a major tourist destination.

Property Details for 11505 Belleview Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,790 SF
Year Built
2019
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Littleton
County
Jefferson
State
Colorado
Latitude
39.624694960769
Longitude
-105.12860472345

FAQs

What type of property is this?
Retail property - High-yield NNN retail investment. Strong tenant.
Where is the retail property located?
The property is located at 11505 Belleview Ave Littleton, CO.
What is the asking price?
The asking price for this property is $7,661,000.
What are key features of this property?
This property features: 2% Co-broker fee.; Maverik-branded convenience store, 5,790 SF, built in 2019, includes Go Fresh Market, 16 gas pumps, on a 2-acre lot.; Triple-net (NNN) lease with 15 years remaining, plus four 5-year options.
How can I contact the broker?
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11505 Belleview Ave
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