A Phillips 66 property located at 12624 W Indore Pl in Littleton, Colorado, has been listed for sale at a price of $3,222,000. The property, which includes a convenience store and gas station, is categorized as a net lease investment with an absolute triple-net lease type.
The lease commenced on November 7, 2017, and is set to expire on June 3, 2035, leaving approximately 9.8 years remaining. With a square footage of 4,074 and a 100% occupancy rate, the property generates a net operating income of $185,293. The lease includes rent increases of 7.5% every five years.
The property is guaranteed by Apro, LLC, a subsidiary of United Pacific, which operates more than 450 locations in the western United States under various fuel and convenience store brands.
Strategically located near C-470, a major thoroughfare in southern Denver, the site attracts significant traffic, with over 94,000 vehicles per day. Additionally, it is adjacent to a master-planned community, Ken Caryl Ranch, which is set to add over 700 new housing units, supporting the area’s growth.
The surrounding population of 64,125 has an average household income of $142,547, indicating a prosperous demographic in the vicinity.
Source: Sales Flyer