For Sale
$1,667,000

11531 Ken Caryl AveLittleton, CO 80127

High-Yield NNN Lease in Littleton, CO

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 1,838 square foot Valero convenience store, operated by GPM Investments, the 6th largest convenience store chain in the US. Located at 11531 W Ken Caryl Ave, Littleton, CO 80127, this property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $100,000. The property sits on a 0.91-acre lot and benefits from a 10-year absolute NNN lease commencing September 1, 2024, and expiring August 31, 2034, with four 5-year renewal options. Rent increases are built in, with an 8% bump every five years throughout the primary term and options, ensuring consistent income growth. Built in 1993, the store enjoys a prime location on W Ken Caryl Ave (19,178+ vehicles per day) and is just two miles west of Highway 121 (35,718+ vehicles per day), providing excellent visibility and accessibility. The property benefits from a corporate guarantee from GPM Investments, mitigating tenant risk. With a strong tenant, favorable lease terms, and a desirable location just 10 miles southwest of downtown Denver, this offering presents a compelling investment opportunity within a thriving market boasting a population of over 3 million within the MSA and 532,051 residents within a 10-mile radius. The property's high traffic count, strong demographics, and secure lease structure make it an ideal addition to any portfolio.

Highlights

  • 1993-built, 1,838 SF building on a 0.91-acre lot.
  • Ten-year absolute NNN lease with 8% rent increases every five years throughout the primary term and options.
  • High-traffic location on W Ken Caryl Ave (19,178+ VPD), two miles west of Highway 121 (35,718+ VPD).
  • Ten miles southwest of Downtown Denver.
  • Strong demographics: 532,051 residents within a 10-mile radius.
  • Tenant is GPM, a major convenience store chain ($3 billion in revenue, 3,200+ locations).

Property Details for 11531 Ken Caryl Ave

Property type
Retail properties, Grocery and convenience stores
Square Feet
1,838 SF
Year Built
1993
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Littleton
County
Jefferson
State
Colorado
Latitude
39.5811372
Longitude
-105.1265123
11531 Ken Caryl Ave, Littleton, Colorado

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11531 Ken Caryl Ave
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