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Views: 101 DOM: 186 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 14.9
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

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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Maps

  • 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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