Investment Offering
Granby, CO - 7-Eleven
511 E Agate Ave | Granby, CO 80446
$1,748,000
Price5.75%
Cap Rate$100,530
NOI2,400
± SF Offering GLA0.21
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding 7-Eleven investment property located in Granby, Colorado. The tenant has approximately 13 years remaining 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and 4% increases every three years throughout the option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. 7-Eleven operates, franchises and/or licenses more than 1,400 stores in the U.S. and Canada.
Location
The 7-Eleven is ideally situated along East Agate Avenue, an arterial thoroughfare that serves over 9,400 vehicles per day. Furthermore, the site benefits from nearby access to U.S. Highway 40 (11,700 VPD), making this an ideal, centralized location with easy commutes. The asset is within close proximity to multiple national/credit tenants including Dollar General, Ace Hardware, US Bank, O’Reilly Auto Parts, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. The asset enjoys an ideal location, situated a mere 26 miles to the north of Winter Park Ski Resort, which happens to be the longest continuously operated ski resort, boasting an expansive terrain spanning over 3,000 acres. The 5-mile subject trade area is supported by more than 3,400 residents and 2,300 daytime employees. Residents within a 1-mile radius boast an affluent average household income of more $105,000.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215