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Conoco/ Rocket Mini Mart 1475 S Murray Blvd

1,152 SF Retail Building Colorado Springs, CO 80916 $1,410,000 ($1,224/SF) 5.50% Cap Rate

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Investment Highlights

Prime Location in Thriving Market with Strong Population Growth
Conoco Gas Station Tenant(Over $1 Billion in Revenues) with Rocket Mini Mart & Car Wash) Corporate Guaranteed Lease
Business Not For Sale-Prime Real Estate Only

Absolute NNN Lease | Zero Landlord Obligations
Located Next to Safeway Anchored Centered across from 1,000+ units of Apartment Living

Executive Summary

We are pleased to offer for sale this long term NNN corporate leased Conoco Gas Station, Rocket Mini Mart and Car Wash in Colorado Springs, Colorado. The NNN lease features ±11 years of term remaining and three 5-year renewal options. The offering enjoys strong rent growth with the rent scheduled to increase 7.5% every 5 years.The tenant operates 500 service stations and convenience stores throughout the Western United States. This would be an excellent long term investment with zero landlord responsibility. The site is located at a four-way signalized intersection and is an outparcel to a shopping center anchored by a Safeway Market and Starbucks Coffee. The traffic counts for this site are excellent. ****PLEASE NOTE THE GAS STATION BUSINESS IS NOT FOR SALE, THIS IS A NNN LEASED INVESTMENT****

Nov 2024 1475 S Murray BLVD - OM

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Service Station

Building Size

1,152 SF

Building Class

Year Built/Renovated

1989/2024

Price

$1,410,000

Price Per SF

$1,224

Cap Rate

5.50%

NOI

$77,550

Tenancy

Single

Building Height

1 Story

Building FAR

0.03

Lot Size

0.82 AC

Opportunity Zone

Yes

Zoning

PBC AO

Parking

10 Spaces (8.68 Spaces per 1,000 SF Leased)

Frontage

143 FT on E Fountain Blvd

Amenities

Signage

MAJOR TENANTS

Mining, Quarrying, and Oil and Gas Extraction
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Jun 2035

From the early days of Conoco Travel Bureau to today’s modern stations, Conoco has been a source of inspiration and adventure for America’s drivers. Conoco® fuel has 3 times more detergent additive than the minimum required by the EPA and 30% more than the TOP TIER® Detergent Gasoline standard recommended by major car manufacturers.