6735 N Carefree Cir, Colorado Springs, CO for sale

Investment Overview

Lee & Associates is pleased to exclusively market for sale a single tenant net leased Maverik c-store and fuel station located in Colorado Springs, Colorado. Previously operated as a Kum & Go since 2013, the property was recently rebranded to Maverik following the brand’s $2 billion acquisition in 2023. The lease runs through June 2033 and is absolute triple net, featuring no landlord responsibilities. The lease features 7.5% rental escalations every five years throughout the primary term and four 5-year renewal options. The next rental escalation is scheduled for July 2028. As a fuel station asset, the property may qualify for 100% bonus depreciation—buyers are encouraged to consult their tax advisors for details. The 4,973 square-foot building is located at a signalized intersection of Peterson Rd and Carefree Circle North and experiences more than 9,600 vehicles per day. The property is adjacent to Sand Creek High School, drawing continual traffic to the area. Neighboring retailers include Target, TJ Maxx, HomeGoods, JCPenney, Best Buy, Lowes, and more. More than 220,000 people live within a five-mile radius while earning a six-figure average household income ($100,000+).

Investment Highlights

• Lease Commencement Date: 07/09/2013
• Lease Expiration Date: 07/08/2033
• Renewal Options: Four 5-year Options
• Rent Escalation: 7.5% every 5 years (Next: Jul-2028)
• Lease Type: Absolute NNN
• Tenant: Maverik
• Year Built: 2013
• Building Size: 4,973 SF
• Land Size: 2.02 Acres (87,991 SF)
• 100% bonus depreciation – consult with your tax advisor
• Absolute NNN – No landlord responsibilities
• Over 6 years remain on the lease
• Successful operating history since 2013
• Kum & Go store recently rebranded to Maverik
• Maverik is an industry-leading convenience store chain with 800 locations in 20 states
• Maverik acquired Kum & Go in 2023 for $2 billion
• 7.5% rental escalations every five years – Next in July 2028
• Located at a signalized intersection along Carefree Circle N (9,600 VPD)
• Over 220,000 people live within a five-mile radius
• Six-figure average household income within five miles ($100,000+)
• Next door to Sand Creek High School
• Neighboring retailers include Target, TJ Maxx, HomeGoods, JCPenney, Best Buy, Lowes, and many more