For Sale
$7,132,075

11099 I-25 Frontage RdLongmont, CO 80504

High-performing 7-Eleven, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a 5,520 square foot 7-Eleven convenience store and gas station located at 11099 E I-25 Frontage Rd, Firestone, CO 80504. The property boasts a prime location on the I-25 corridor, experiencing high traffic volume (103,900 VPD) and excellent visibility. Built in 1999 and renovated in 2018, this property features 7 diesel lanes and sits on a 3.53-acre lot. The current lease, an absolute NNN net lease with a corporate guarantee from 7-Eleven, Inc., commenced April 1, 2020, and extends to March 31, 2035, with six 5-year renewal options. The lease includes 8% rent bumps every 5 years, providing a hedge against inflation. The current NOI is $378,000, resulting in a 5.30% cap rate and a price per square foot of $1,292.04. The property benefits from strong demographics, with an average household income exceeding $136,000 within a 5-mile radius. This 7-Eleven location is a top performer, ranking in the top 18% statewide and top 22% nationwide among all 7-Eleven stores. The property is situated within five miles of Longmont, Colorado, a rapidly growing city. Nearby businesses include Home Depot, Wendy's, Del Taco, Starbucks, and McDonald's, further enhancing the location's desirability. This is a management-free investment ideal for passive investors seeking a strong, stable return. The asking price is $7,132,075.

Highlights

  • Fee-simple ownership of a 5,520 SF 7-Eleven with gas station, offering a management-free investment opportunity.
  • 15-year NNN lease with 7-Eleven, Inc. corporate guarantee; 10+ years remaining with six 5-year renewal options and 8% rent bumps every 5 years.
  • High-traffic location on I-25 corridor (103,900 VPD) with excellent visibility, situated near other major retailers.
  • Strong demographics: Average household income over $136,000 within a 5-mile radius; top 18% performing 7-Eleven statewide and top 22% nationwide.
  • Asking price: $7,132,075; Current NOI: $378,000; 5.30% cap rate; $1,292.04 price per square foot.

Property Details for 11099 I-25 Frontage Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,520 SF
Year Built/Renovated
1999/2018
Lot Size (sq. ft)
153,767 SF

Location Insight

City
Longmont
County
Boulder
State
Colorado
Latitude
40.161621824804
Longitude
-104.97606353914
11099 I-25 Frontage Rd, Longmont, Colorado

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11099 I-25 Frontage Rd
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