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 $107,729 today to $124,494 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.
• Conoco/Phillips 66-Branded Fuel Site with E85 – The ±1,801 SF store with 4 fuel pumps offers unleaded, midgrade, premium, diesel, and E85, and operates 4:30 AM to 12:30 AM daily, capturing commuter and flex-fuel customers across extended hours.
• Hard Corner Location – Hard Corner location site sits along Thatcher Ave ±21,000 VP) and S Prairie Ave ±12,000 VPD. Fuel sites inside established neighborhoods are difficult to entitle and replicate, limiting new competition.
• Portfolio Opportunity – A second Alta Convenience at 1350 E 4th Street, Pueblo is available on an identical lease — same lessee, expiration, and 7.50% increases — allowing investors to acquire one or both assets.
• Rocky Mountain Steel — $1.2 Billion Long-Rail Mill – Orion Steel’s Rocky Mountain Steel Mills officially opened a new $1.2 billion long-rail mill in Pueblo in July 2026, producing 328-foot rail under a seven-year supply contract with Union Pacific. The 150-year-old mill employs more than 1,000 people and anchors the region’s industrial base.
• Healthcare and Education Employment Base – The metro’s largest employers are UCHealth Parkview Medical Center (±4,300 employees, with a planned $200 million investment over the next decade), the Colorado Mental Health Hospital (±2,000), and Colorado State University Pueblo (±1,500) — durable institutional payrolls that support daily fuel and convenience demand.