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Maverik (Kum & Go)

11505 West Belleview Avenue, Littleton, CO 80127

$7,661,000

Cap Rate 5.50%

Views: 187 DOM: 290 Updated: 11.27.24 Posted: 06.19.24 Status: Active

Summary

Price $7,661,000
Built/Renov 2019
Tenant Maverik (Kum & Go)
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,790
Lease Start 09-12-2019
#Units 800
Price/SF $1,323.14
Expiration 09-30-2039
Tenant Type Convenience/Gas
NOI $421,346
R. Term 14.6
Ownership Fee Simple
Rent/SF $72.77
Increases 7.5%/5/yrs
Pop 5Mi 203,628
Lot/AC 2.00
Options 4/5yrs/5%
AHHI 5Mi $141,060

Melissa Ley Marshall
CBRE: NLPG Newport
Contact

Ian Schroeder
CBRE: NLPG Newport
Contact

Lease Highlights

  • Maverik has 14+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years throughout the initial term and 5% at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Maverik is strategically located at the signalized, hard corner intersection of W Belleview Ave. and S Simms St., with access to a combined daily traffic count of 32,824 vehicles. The property is in a dense residential corridor surrounded by townhome developments and well-known national tenants including Walgreens, Goodwill, Papa Murphy’s, Comfort Dental, and more. The 5-mile trade area is...

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Key Features

  • Signalized intersection

  • Hard corner intersection

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Long 15+ yr lease

  • Absolute NNN

  • Accelerated depreciation

  • Corporate Guarantee

    • ...

Links

Maverik Wikipedia FJ Management Wikipedia Littleton, Colorado Zip Code 80127 Broker Site Page Drone Video

Documents

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Maps

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  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Maverik
  • Guarantor:Corporate
  • Company:FJ Management, Inc.
  • # Units:800
  • Stock:Private

About Tenant

Maverik, Inc. dba Maverik is a convenience store brand and the largest independent fuel marketer in the Intermountain West. Maverik is known for its premium BonFire food, made fresh daily, great...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 14,922 79,706 202,246
2024 Total Population : 15,045 80,142 203,071
2024 Employed Civilian Pop : 8,243 46,520 113,408
2024 Total Businesses : 283 1,996 5,446
2024 Average Household Income : $ 155,059 $ 150,016 $ 161,571
2024 Total Consumer Spending : $ 745 M $ 4202 M $ 11193 M
2024 Median Age : 42 40 42
2024 Total Households : 5,648 32,539 80,877
2024 Pop Age 25+: Bachelor's Degree : 3,790 20,239 53,752
2024 Average Home Value : $ 686,220 $ 678,412 $ 718,588
*ESRI data is presented for informational purposes only

Listing Broker

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Melissa Ley Marshall

CBRE: NLPG Newport

Contact
  • 18 Listings
  • 3906 Views
  • 6 Sold
Ian Schroeder

CBRE: NLPG Newport

Contact
  • 18 Listings
  • 3906 Views
  • 6 Sold
Melissa Ley Marshall

Melissa Ley Marshall is First Vice President and Partner of CBRE’s Net Lease Property Group in Newport Beach, California. She specializes in the acquisition and disposition of NNN single-tenant retail properties throughout the United States and has closed $1 Billion in investment volume throughout her career. Melissa manages the entire sales process, from underwriting and valuation to offer negotiations, working relentlessly to deliver best results for her private and institutional clients.

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Ian Schroeder

Ian Schroeder joined CBRE in July 2013 as Senior Vice President, specializing in the sale and disposition of NNN single-tenant properties and arranging sale leaseback transactions throughout the United States. Schroeder's expertise includes working with a wide spectrum of major national real estate developers, institutions and private clients in the disposition of their real estate assets. He maintains intimate knowledge of national market trends and valuations, and is a highly-skilled negotiat

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