A 7-Eleven convenience store and gas station in Westminster, Colorado, has been put on the market for $5.2 million. The property, located at 10128 Wadsworth Parkway, encompasses 3,030 square feet and sits on a 1.37-acre lot.
The current tenant, 7-Eleven, recently signed a new 15-year lease extension, which is set to run through October 2040. This arrangement is expected to provide a stable income stream for future investors.
Notable features of the property include 10% rent increases every five years and a triple net (NNN) lease structure, which requires the tenant to cover operating expenses such as taxes and insurance.
The store is strategically located at a high-traffic intersection, with over 57,200 vehicles passing daily, offering excellent visibility to both commuters and local customers. Additionally, the surrounding area boasts a population of over 250,000 residents and significant retail spending power, with average household incomes reaching $112,000.
The vicinity also includes several schools with a total of over 2,600 students, contributing to consistent daytime traffic for the store.
Source: Property Listing