Alta Convenience

• Long-Term Lease with ±14 Years Remaining – The lease commenced February 1, 2021 and runs through January 31, 2041, providing more than ±14 years of primary term with four, 5-year renewal options remaining.
• Absolute NNN Lease – Zero Landlord Responsibilities – Ideal for Passive Investors
• 100% Bonus Depreciation – This asset should qualify for 100% bonus depreciation. Consult with your CPA to confirm.
• Built-In Rental Growth – 7.50% rent increases every 5 years throughout the base term and all option periods. Annual rent grows from $80,798 today to $93,372 by February 2036 — a 6.93% return on today’s purchase price.
• Established Regional Operator – The lessee is CF Altitude LLC, the operating entity of Alta Convenience — a Denver-based chain of 150+ stores with roots in Pester Marketing, founded in 1955. Alta was acquired in 2021 by a joint venture of Fortress Investment Group and Phillips 66.
• Hard Corner Location – Hard Corner location site sits along E 4th St and N Monument Ave, E 4th St benefits from ±13,000 VPD. Fuel sites inside established neighborhoods are difficult to entitle and replicate, limiting new competition.
• Conoco/Phillips 66-Branded Fuel Site with Propane – The ±1,300 SF store with 3 fuel pumps on ±0.25 acres offers unleaded, midgrade, premium, and diesel plus propane, and operates 4:30 AM to 12:30 AM daily.
• Portfolio Opportunity – A second Alta Convenience at 2714 Thatcher Avenue, Pueblo is available on an identical lease — same lessee, expiration, and 7.50% increases — allowing investors to acquire one or both assets.