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5840 East 120th Avenue, Thornton, CO, 80241

Maverik
$8,568,000

Key Information

Cap Rate
5%
Tot. SF
4,995
Lot Size
1.76 Acres
Year Built
2014
Term Remaining
±12 Years
Type
Retail
NOI
$428,360

Highlights

  • Absolute NNN Lease – True triple-net lease with zero landlord responsibilities. The tenant is contractually responsible for all operating expenses, including CAM, real estate taxes, insurance, and maintenance of the roof and structure, offering investors a passive, hands-off income stream.
  • Corporate-Backed Lease Guarantee – Lease is guaranteed by Kum & Go L.C., a subsidiary of Maverik, one of the nation’s largest convenience store operators with over 800+ locations across the United States, ensuring strong credit support.
  • Attractive Rental Increases – Lease includes approximately ±12 years remaining in the primary term, followed by five (5) five-year renewal options. Rental income increases by 7.5% every five years during both the initial term and option periods, providing a long-term hedge against inflation.
  • Potential 100% Bonus Depreciation – Eligible for up to 100% bonus depreciation in Year One under the Accelerated Depreciation Model for gas stations (consult with your CPA), enhancing after-tax yield and investor return profile.
  • Affluent Demographics – Located in an extremely strong North Denver submarket with $140k average household income within a 1-mile radius of the site and over 200k residents within a 5-mile radius of the site.
  • Strong Foot Traffic Data – The site ranks in the top 14% in the state of Colorado, and the top 21% nationwide according to AlphaMap. Contact Broker for more details.

Photos

Location

Agents

Broker of Record

Brayden Conner

License # ER.100106933, EC.100099522 (CO)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203