List Search

402 W 3rd St
Wray, CO 80758

$1,600,000 USD

Convenience Store For Sale  •  2,640 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 2,400 SF
  • Lot Size 0.39 AC
  • Building Class C
  • Year Built 1977
  • Cap Rate 5.00 %
  • Tenancy Single
0 Transit Score
59 Walk Score

Highlights

Rare 15-Year Lease Extension: 7-Eleven signed a 15-year lease extension – a term seldom granted by the tenant
Absolute NNN Lease: Zero Landlord Responsibilities: ±15 years remaining (expires June 2040) with three 5-year options
100% Bonus Depreciation Eligible: Property qualifies for year one bonus depreciation or 15 year accelerated depreciation
Corporate Guarantee: Investment-Grade Credit: Lease guaranteed by 7-Eleven, Inc. (S&P: A rating), the world’s largest convenience retailer
Established, High-Performing Location: Operating successfully since 2008; proven track record indicates strong sales and high tenant commitment.
Highly Strategic Highway Location: Prominent corner site just off U.S. Highway 385 and U.S. Route 34, capturing both local and traveler traffic
Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
7-Eleven
Kevin Bettinger 310-579-9692 Matthews Real Estate Investment Services
Kevin Bettinger 310-579-9692 Matthews Real Estate Investment Services