B+E brokers sale of Denver 7-Eleven property for $4.35 million
“Leveraging B+E’s proprietary database we were able to analyze rapidly changing market conditions to help our client identify an asset that would thrive in today’s pandemic environment,” said Hayden Salvas, a B+E broker. “We are seeing rapid cap rate compression during the last few months for convenience stores.”
Denver, CO (PRUnderground) January 11, 2021
B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of the 7-Eleven property located at 3500 Hwy 52, Frederick, Colorado for $4,350,000 (4.77% cap rate).
The buyer was Bolthouse Land Company, LLC and the seller was Frederick GPA LLC. The property is +/- 3,499 square feet and sits on +/- 2.10 acres of land. There are approximately 14 years remaining on the lease.
B+E represented the seller when they acquired the property in a 1031 exchange in June of 2020 for $3,990,000 representative of a 5.20% cap rate.
“Leveraging B+E’s proprietary database we were able to analyze rapidly changing market conditions to help our client identify an asset that would thrive in today’s pandemic environment,” said Hayden Salvas, a B+E broker. “We are seeing rapid cap rate compression during the last few months for convenience stores.”
For more information, contact Hayden Salvas at hsalvas@benetlease.com or go to www.benetlease.com
Distributed via PR Underground