February 5, 2025 – Jason Woods, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Maverick Gas Station and Convenience Store in Littleton, Colorado. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $7,600,000.
The Maverick Gas Station and Convenience Store is located at 11505 W Belleview Avenue in Littleton, Colorado. Maverick has been at this location since 2019 (6 years) and has 14+ years of term remaining on their lease with four (4), 5-year renewal options. The lease calls for attractive 7.5% rent increase every five years throughout the primary lease term, and 5% increases at the start of each renewal option, providing a steady increase in income and an attractive hedge against inflation. The Property is positioned at the signalized intersection of S Simms Street and W Belleview Avenue, two of the area’s primary commuter and commercial corridors. Maverick is convenient to numerous national retailers and restaurants that drive traffic to the area and is surroudend by densely developed residential neighborhoods that provide a built-in customer base. The Propertty is 1.4 miles from CO Route 470, 1.5 miles from US Route 285, and 2 miles from CO Route 121.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.