Denver – The purchase price represents a 4.6 percent capitalization rate.
Denver – Jonathan Selznick, senior vice president, and Jeff Hauber, associate, of Hanley Investment Group Real Estate Advisors, have negotiated the sale of a triple-net lease, single-tenant 7-Eleven in Denver. The purchase price was $1.9 million, which represents a 4.6 percent capitalization rate. Selznick and Hauber represented the seller, a private investor from Frisco, Texas, in the transaction. The buyer, a private investor, was represented by Drew Issac of Marcus & Millichap in Denver. The 2,900-square-foot 7-Eleven, which was built in 2012, is situated on a 0.34-acre parcel. The property is located 1.5 miles south of Sports Authority Field at Mile High and within three miles of downtown Denver.
— Scott Reid