A new 7-Eleven convenience store and gas station located at 5991 W Colfax Ave in Lakewood, Colorado, is on the market for $12,675,000. The property is classified as retail and features a Class A absolute net lease which requires no landlord responsibilities.
The lease is set to commence on December 2, 2025, and will expire on December 31, 2043, providing a remaining term of 18.2 years with a cap rate of 5.25%. The property has a net operating income (NOI) of $665,300, with annual rent increases of 1.5% throughout the lease and any renewal options.
This brand new construction, set to be completed in 2025, includes a gas station and a dining option with Laredo Taco. Located on a busy commercial corridor along East Colfax Avenue, the site boasts high visibility and easy access, with daily traffic counts exceeding 34,000 vehicles.
The area is densely populated with an average household income over $101,000 and more than 460,000 residents within a five-mile radius. The market is experiencing significant gentrification as it expands eastward. Lakewood’s accessibility is enhanced by its location along Colfax Avenue and the RTD W Line, which operates daily.
This property offers significant tax benefits through accelerated depreciation. The tenant, 7-Eleven, is a strong national brand, ranked 162 on the Fortune Global 500 list and holding an S&P investment-grade credit rating of “A.” The company has consistently maintained a good standing, with no lease defaults and an average occupancy of over 43 years.
The location also benefits from traffic generated by nearby attractions such as Sloan’s Lake, Edgewater Public Market, Empower Field at Mile High, Ball Arena, and the Colorado Convention Center during events. It is amidst a robust retail trade area, surrounded by national retailers including Walmart, Target, and Home Depot.
Additionally, the property lies within Lakewood’s Artline District, known for its interactive walking and biking route that connects various parks, transit options, and historic neighborhoods.
Source: Property Listing
