A 7-Eleven convenience store and gas station in Wheat Ridge, Colorado, is on the market for $9.8 million. The property, located at 4400 N Harlan St., features a 4,650-square-foot building and was completed in 2023. It is being marketed with a long-term lease that extends through June 2038.
The lease is structured as an absolute triple net agreement, which means the landlord has no responsibilities for maintenance and operational costs. Rent will increase by 7.5% every five years. Currently, the property is fully occupied, generating a net operating income of $518,370 annually.
Positioned near a Walmart shopping center, the 7-Eleven store benefits from significant traffic due to its location at the intersection of Harlan Street and West 44th Avenue, with combined vehicle traffic of 27,000 daily. It is also near major highways, including Interstate 70 and Interstate 76.
In addition to its proximity to over 400,000 residents within a five-mile radius, the surrounding area is affluent, with an average household income surpassing $134,000 within three miles. The site is surrounded by notable retailers such as Petco, Wells Fargo, and Planet Fitness.
Source: Sales Flyer.