Marathon Gas Station – Durango, CO

Marathon
600 East 4th Avenue, Durango, CO 81301, USA

Sands Investment Group is Pleased to Present Exclusively For Sale the 1,932 SF Marathon Gas Station Absolute NNN Asset Located at 600 East 4th Avenue in Durango, CO. This Deal Includes an Absolute Triple Net (NNN) Lease With 16 Years Remaining and Zero Landlord Responsibilities With Attractive Rent Increases, Providing For a Secure Investment.

  • Approximately 16 Years Remaining on an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities
  • Lease Features Attractive 3% Annual Rent Bumps and 4 x 5 Year Options
  • Excellent Demographics Showing Population Growth and a Strong Average Household Income of Over $110,504 Within a 3-Mile Radius of the Property
  • Store is Strategically Located on a Hard Corner of an Intersection With Multiple Points of Ingress/Egress
  • Site Has 4 MPDs and Ample Parking Space
  • Gas Stations Offer Increased Depreciation Expenses Benefits *Consult Your CPA

 

In Cooperation With Sands Investment Group – Lic. #1000070604 BoR: Max Freedman – Lic. CO #100070604

Price

$2,170,624

Cap Rate

7.00%

PREMISES

1,932 SF

RENEWAL OPTIONS

4 x 5 Year Options

Lease Expiration

08/18/2041

Lease Type

Absolute NNN

RENTAL INCREASES

3% Annually

BROKERS

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch