Blue West Capital Arranges Sale of Net Leased 7-Eleven in Denver MSA

Parker, CO – [October 29, 2020] – Blue West Capital has completed the sale of a single tenant net leased 7-Eleven property located at 9301 South Parker Road in Parker, CO for $4,300,000.

Zach Wright and Tom Ethington, of Blue West Capital, represented the seller and purchaser in the transaction, respectively. The seller was BBR Oil III, LLC, an Iowa-based private investor. The purchaser was Buchtel Realty Investors Parker LLC, a Colorado-based private real estate family office.

The property features a long-term absolute triple net lease with zero landlord responsibilities and annual rental increases. 7-Eleven has operated at this location for approximately ten years. 7-Eleven is the world’s largest operator, franchisor, and licensor of convenience stores with over 70,000 locations across 17 countries.

The 3,010 square foot 7-Eleven property is strategically positioned along South Parker Road. It is the first convenience store southbound from the Parker Road and E-470 exit. South Parker Road experiences traffic counts of approximately 60,000 vehicles per day. The 7-Eleven is located directly across the street from Parker Adventist Hospital, a Level II trauma center with over 170 beds. The surrounding area is affluent with over 151,000 people within a five-mile radius with average annual household incomes of approximately $128,000. The immediate area is rapidly expanding with annual projected population growth within a one-mile radius forecasted to be approximately 5%.

“Cap rates for single tenant net leased properties continue to compress as available inventory is extremely low, while demand remains very high. The current supply-demand imbalance has created very favorable market conditions for sellers of single tenant properties, creating a rare opportunity. We were fortunate to arrange the sale of this off-market property,” said Zach Wright, Director of Net Lease Investment Sales. “We have a significant number of convenience store transactions in process. While cap rates for this product remain low, deals are difficult to find as many investors are actively seeking c-stores with long-term leases. C-stores are at the forefront of demand because they are essential businesses and investors are taking advantage of year-end accelerated bonus depreciation. We simply do not have enough product to meet the current level of demand,” added Tom Ethington, Managing Partner.

About Blue West Capital

Blue West Capital is a net lease real estate investment advisory firm focused on the acquisition and disposition of single-tenant net leased properties, retail shopping centers, and commercial investment properties nationwide. We are a team of commercial real estate experts committed to helping our clients achieve their investment goals through a combination of exceptional client communication, professional collaboration, and individual experience. 

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