Wheat Ridge Retail for Sale - West Denver
The Boulder Group is pleased to exclusively market for sale a single tenant net leased 7-Eleven property located in Wheat Ridge, Colorado, within the Denver MSA. The Store operates 24/7. The property was constructed for 7-Eleven in 2023 with a 15-year lease running through June 2038. The lease is absolute triple net and presents no landlord responsibilities. The lease features 7.5% rent increases every five years during the initial term and in each of the four 5-year renewal options. As a fuel station asset, the property may qualify for 100% bonus depreciation—buyers are encouraged to consult their tax advisors for details.
The 4,650-square-foot property is positioned on an outparcel to a Walmart-anchored shopping center, benefiting from a steady flow of customer traffic. It is located at the signalized intersection of Harlan Street and West 44th Avenue (27,000 VPD combined) and is in close proximity to Interstate 70 (102,000 VPD) and Interstate 76 (89,000 VPD). The property is surrounded by a mix of national retailers, including Petco, dd’s Discounts, Les Schwab, Wells Fargo, US Bank, Firestone, Popeyes, Planet Fitness, and Goodwill. More than 400,000 residents live within a five-mile radius, and the surrounding community is affluent, with an average household income exceeding $134,000 within three miles.
7-Eleven, Inc. is a global leader in convenience retailing, operating as one of the world’s largest and most recognizable convenience store chains. Founded in 1927 in Dallas, Texas, as an ice company that began selling milk, eggs, and bread, the company evolved into the iconic 7-Eleven brand, named for its extended hours of operation from 7 a.m. to 11 p.m. Today, 7-Eleven operates, franchises, and licenses over 84,000 stores across 19 countries, with a strong presence in the United States, Japan, Thailand, and beyond. Headquartered in Irving, Texas, and owned by Seven & i Holdings Co., Ltd., based in Tokyo, the company is renowned for its innovative approach to convenience, introducing the first self-serve soda fountains, to-go coffee, and the globally famous Slurpee drink.
