Investment Offering
Thornton, CO - 7-Eleven
52 W 84th Ave | Thornton, CO 80260
$8,566,000
Price5.25%
Cap Rate$449,703
NOI4,050
± SF Offering GLADescription
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, 24-
hour, 7-Eleven investment property located in Thornton, Colorado (Denver MSA). The tenant has 14+ years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, 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.
Location
7-Eleven is strategically positioned at the signalized, hard corner intersection of Interstate-25 and W. 84th Avenue with a combined 209,100 vehicles passing daily. The asset benefits tremendously from its location adjacent to on/off ramp access to Interstate-25 (175,000 VPD), the primary north/south thoroughfare from Fort Collins to Colorado Springs. Thornton, boasting the largest population in the north Denver metro area with over 146,000 residents, is anticipated to grow to 205,000 by 2040. The city is experiencing robust commercial activity across various industries, evident from the recent openings of retail establishments like King Soopers, In-N-Out Burger and Raising Cane’s. On the employment front, companies like Meati Foods, Sashco, and Air Squared have relocated to Thornton, with nearly 3 million square feet of employment space under construction to accommodate future growth. Access 25, located near the intersection of I-25 and CR 34, is a 300 acre rail served industrial part anchored by The Home Depot’s new 386,000 bulk distribution center. Development activity in Thornton is at an all-time high. Additionally, the property benefits from the presence of large-scale apartment complexes such as Park 88 Apartments (322 units) and Hilltop View Apartments (224 units) within a 1-mile radius. Major big-box retailers including Sportsman’s Warehouse, Appliance Factory, Carpet Exchange and American Furniture Warehouse are also nearby. Situated just 8 miles from downtown Denver, the 5-mile trade area is supported by a population exceeding 323,400 residents and 131,600 employees, boasting an average household income of$94,300.