Berthoud, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of a NNN corporate lease 7-Eleven retail investment asset located at 1111 Mountain Avenue, in Berthoud, Colorado. The asset is adjacent to O’Reillys Auto Parts in the new Berthoud Commons Commercial Center.
This asset is a new construction 7-Eleven Store with 6-pump gas station situated on Mountain Avenue (Highway 56) and Berthoud Parkway (Route 17) less than 1 mile east of Highway 287. Situated south of Loveland and Fort Collins, and just north of the Denver Metro Area, Berthoud is experiencing a high rate of growth.
7-Eleven, well-known around the world, has signed a new 15-year NNN lease for the property with four additional five-year options.
Matt Call and John Witt of NavPoint Real Estate Group represented the seller, BTS Berthoud 7E LLC, in this transaction. The buyer, Platinum Properties Holdings LLC, was represented by Paul Cattin of NAI Shames Makovsky.
According to Call, “This property is another example of the high-quality development Cadence Capital executes time after time. The buyer was looking for high-quality construction in a great location and with the tremendous growth in Northern Colorado, this corporate 7-11 met all those requirements and more for the buyer.”
This transaction successfully closed in December 2019.