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Local investor acquires new 7-Eleven for $3.25M

Adams County

Property Location: 5601 E. 136th Ave., Thornton

Property Description: *3,000-sf convenience store with six dual-dispensing pump islands, YOC 2016, masonry construction

Land Size: 1.287 acres

Sales Price: $3.25M, or $1,083.33 psf

Reception No.: 20160000102158

Closing Date: 11/22

Grantor: BTS Holly SE LLC, Cadence Capital Investments, Greg Ham, mgr.

Grantee: Morsam Properties LLC, Doug Moreland, mgr.

Comments: See APN: 1571-20-3-06-007. There is a 15-year lease with four five-year options with lease bumps. Property was listed and sold by NavPoint Real Estate Group, Matt Call, 720-420-7529, or Brent Ham, 720-237-6804. The in-place cap rate is 5.2%. *Greg Ham, 720-4796-2581, is chief operating officer of Cadence Capital Investments LLC and is represented by his son, Brent Ham of NavPoint Real Estate Group.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.