Denver, CO (January 11, 2024) – SRS Real Estate Partners announced today it has completed the $8.83 million sale of a newly developed 7-Eleven property located at 4400 Harlan Court in Wheat Ridge, CO, a city within the greater Denver MSA.
SRS Capital Markets Vice President Ryan Tomkins who is based in the Denver office represented the seller, Cadence Capital. The buyer was a family office located in California.
“This was a very attractive asset for the new ownership as it offered a new construction build-to-suit property for 7-Eleven with a 15-year, corporate-guaranteed triple net lease in place which translates into zero landlord responsibilities. Additionally, with the bonus depreciation component in a supply constrained market, interest levels from potential buyers were high,” said Tomkins.
The 4,650-square-foot property is situated on 1.3 acres and includes Laredo Taco, 7-Eleven’s new quick service restaurant concept. The asset is an outparcel to Lakeside Center, a 728,000-sf power center that is anchored by Walmart Supercenter and is home to Petco, Planet Fitness, and Goodwill, among others.
In 2023, SRS Capital Markets completed approximately $2 billion in deal volume comprised of 495 transactions in 43 states. SRS currently has in excess of 600 properties actively on the market with a market value surpassing $2.85 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is building upon its retail foundation to provide extensive commercial real estate solutions to tenants, owners, and investors. Headquartered in Dallas, with more than 25 offices in the U.S., SRS has grown into one of the industry’s most influential and respected leaders. Our commitment to excellence is strengthened by our Guarantee of Value and our success is measured in the achievement of our clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.