B+E brokers sale of Denver 7-Eleven property for $4.35 million
Industry: Real Estate
“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 11th, 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
About B+E
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York City, Chicago, Atlanta, Tampa, Charlotte, Orange County, San Francisco, and Dallas, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
