Aug 25, 2023

Blue West Capital Arranges Sale of Single Tenant 7-Eleven in Denver MSA

FIRESTONE, CO – [August 22, 2023] – Blue West Capital has completed the sale of a single tenant net leased 7-Eleven property located at 11099 E I-25 Frontage Road in Firestone, CO for $6,666,667. Brandon Gayeski, of Blue West Capital, represented both the seller and purchaser in the transaction. The seller was a Midwest-based investor, and the purchaser was a California-based partnership. This is the 3rd gas station in the Denver MSA sold by Blue West Capital in 2023.

The 5,358 square foot 7-Eleven is strategically located directly off Interstate 25 (101,000 VPD) on a large 3.53-acre parcel that features 24 pumps and five high-flow diesel bays. The property underwent major renovations in 2020 that included the addition of a Laredo Taco restaurant. The surrounding area features many national retailers including Home Depot, Starbucks, McDonald’s, Wendy’s, Carl’s Jr, and numerous others. Firestone is one of Colorado’s fastest growing cities, located 25 miles north of downtown Denver.

The 7-Eleven features a long-term absolute triple net lease. There are no landlord responsibilities and fixed rental increases every 5 years. The lease is corporately guaranteed by 7-Eleven, which is an investment grade rated company (S&P: A). 7-Eleven is the world’s largest convenience store chain with over 83,000 locations.

Many single tenant convenience store properties, such as the 7-Eleven in Firestone, qualify for 80% Bonus Depreciation. This unique tax incentive allows real estate investors to depreciate a significant percentage of their acquisition price in year-one. The Bonus Depreciation will be reduced to 60% in 2024 as part of the tax benefit’s gradual phasing out.

"The purchaser was not in a 1031 exchange and their focus was on acquiring a single tenant gas station specifically for Bonus Deprecation benefits. They were particularly attracted to this 7-Eleven due to its strategic location directly off Interstate 25, the upcoming rental increase in 2025, and the oversized 3.53-acre lot. Most 7-Elevens are typically .5 to 1.5 acres. This is the 3rd gas station in the Denver MSA sold by Blue West Capital in 2023."

BRANDON GAYESKI, DIRECTOR

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. Blue West Capital is headquartered in Denver, CO.

For additional information, please visit www.BlueWestCapital.com.

Media Contact:
Brandon Gayeski
(720) 966-1627
Brandon@BlueWestCapital.com

Close

Enter Your Information To Request The Offering Memorandum

Industry Role
Close

We are ready to assist you.

Please fill out the form and we will be in touch shortly.

By providing a telephone number and submitting the form you are consenting to be contacted by SMS text message. If you wish to initiate inbound SMS text messages, please contact your individual broker for their direct number. Message and data rates may apply. Reply STOP to opt out of further messaging. Blue West Capital, LLC may use text messaging for client communications only and does not use text messaging for marketing or promotional matters. Please see Privacy Policy for further information.

Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031