11505 Belleview AveLittleton, CO 80127

Property Details for 11505 Belleview Ave

Year built

2019

Lot size

2.00 AC

Property size (Sq ft)

5,790 SF

Property type

Commercial real estate

APN

59-093-10-262

APU

5909310262

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,422,129

  Hospitality

  $1,302,663

  Educational

  $1,083,800

  Medical

  $1,121,074

  Retail

  $1,685,912

Location Insight

City

Littleton

County

Jefferson

State

Colorado

Latitude

39.6248

Longitude

-105.128

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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