c wiedenmayer Peter Peluso JR Hagan

Chris [email protected]

Offering MeMOranduM

Peter [email protected] 720.529.2984

JR [email protected] 720.529.2988

3790 Wadsworth Blvd. | Wheat Ridge, CO

3790 Wadsworth Blvd. | 2

LOcatiOn

HIGH DENSITY, STRONG RESIDENTIAL INCOMEA large residential population base of over 130,000 people, with average household incomes of $70,000 in a three mile radius of the property ensures a stable and supportive consumer base.

EXCELLENT VISIBILITY AND EXPOSUREThis 7-Eleven is ideally positioned off Wadsworth Boulevard and 38th Avenue, providing the property with excellent visibility, multiple entries, and significant drive-by exposure.

INVESTMENT GRADE TENANTLease guaranteed by 7-Eleven, Inc. | S&P: AA- | Moody’s: Baa1

FAVORABLE LEASE TERMS7-Eleven has base rent increases every 5 years for 7.5%, including through the four successive 5-year renewal periods.

NEW CONSTRUCTIONBuilt in 2017 to 7-Eleven’s newest specifications. The property features a beautiful all brick facade, brand new petroleum tanks, brand new gas canopy, as well as six (6) new dual dispensing gas pump

MINIMAL MANAGEMENT RESPONSIBILITIES7-Eleven is on a True NNN lease, which requires minimal landlord responsibilities pertaining to the maintenance of the building structure and foundation.

OFFERED FREE & CLEAR OF EXISTING DEBTThe property is being offered free and clear of any encumbrances, providing investors the opportunity to take advantage of historically favorable capital market conditions.


PrOPerty HigHLigHts

W 38th Ave

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PRICE | $3,674,000

CAP RATE | 4.50%

NOI | $165,319

LEASE STRUCTURE | True NNN

REMAINING BASE TERM | 15 Years

RENEWAL OPTIONS | Four 5-Year Options

YOC | 2017

BUILDING SF | ± 3,500 SF

LOT SIZE | .95 AC

PUMPS | 6 Dual-Dispensing Gas Pumps

PARCEL NUMBER | 300-407-191

INVESTMENT OVERVIEW

Legend Investment Group is pleased to present the sale of a brand new construction 7-Eleven Convenience Store & Gas Station at 38th Ave and Wadsworth Boulevard.

This 3,500 SF gas station is strategically located on the southeast hard corner of 38th Avenue and Wadsworth, positioning it for ideal exposure to over 60,000 vehicles per day. The store has excellent access from Northbound Wadsworth Blvd, as well as access along Eastbound 38th Ave.

This convenience store and gas station benefits from excellent access and drive-by visibility, and features a large monument sign along Wadsworth Blvd. The area immediately surrounding the property features a strong demographic profile with over 130,000 residents with an average household income above $70,000 within a 3-mile radius of the property.


Pricing

Tenant 7-Eleven, Inc.

Square Footage ± 3,500 SF

Property Address 3790 Wadsworth Blvd, Wheat Ridge, CO 80033

Lease Gurantor 7-Eleven, Inc.

Rent Commencement June 1, 2017

Lease Expiration May 31, 2032

In-Place Rent $165,319 Annual | $13,777 Monthly | $47.23 $/SF/Year

Rent Increases 7.5% Base Rent Increases Every 5 Years, Including Renewal Periods

Term Remaining 15 Years

Extension options Four 5-Year Options Annual Rent Period End Date

Rent Schedule Years 1-5 $165,319 Est. 5/19/2022

Years 6-10 $177,718 Est. 5/19/2027

Years 11-15 $191,047 Est. 5/19/2032

Years 16-20 (Option 1) $205,375 Est. 5/19/2037

Years 21-25 (Option 2) $220,778 Est. 5/19/2042

Years 26-30 (Option 3) $237,336 Est. 5/19/2027

Years 31-35 (Option 4) $255,137 Est. 5/19/2052

InsuranceTenant agrees, at Tenant’s expense, to maintain in force continuously throughout the Term, commercial general liability insurance covering the Premises.

Sec. 13

Tenant MaintainanceTenant agrees to maintain, repair and replace: the interior and exterior non structural portions of the building including: electrical, plumbing, HVAC, roof and roof membrane, landscaped areas, parking and driveways and the gas facility.

Sec. 8

Landlord Repair & MaintenanceLandlord agrees to maintain the foundation, slab and structural soundness of the Premises at Landlord’s sole cost and expense.

Sec. 8

UtilitiesTenant agrees to pay all charges for gas, electricity, telephone, sewer, water and any other utilities used by Tenant on the Premises.

Sec. 6

Real Estste TaxesTenant shall reimburse Landlord for all taxes and assessments levied against the Prem-ise during the Term.

Sec. 7

IndemnityTenant shall indemnify and hold Landlord harmless from any claim, liability, loss, cost or obligation...arising from any damage or injury caused by the use of the Premises by Tenant.

Sec. 14 3790 Wadsworth Blvd. | 6

Lease abstract

www.7-eleven.com

LOCATIONS | 61,500 (Total) | 9,000+ (U.S.)

CREDIT | S&P: AA-, Moody’s: Baa1 (7-Eleven, Inc.)

PARENT COMPANY | Seven & i Holdings, Ltd.

YEAR FOUNDED | 1927

7-Eleven, Inc. is a premier chain of convenience stores operating or franchising more than 61,500 stores in 17 Countries, including over 9,000 locations in the United States. 7-Eleven is the largest network of convenience stores with more outlets than any other retailer or vendor and has continued to grow at a rapid pace, adding over 4,000 new stores to its international operations in 2016. 7-Eleven, Inc. is a subsidiary of Seven & i Holdings, Ltd., a diversified Japanese retail holdings company with over $47 Billion in asset as of fiscal year end 2016.


tenant Overview

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W 35th AveW 35th Ave

W 38th Ave

PROPOSEDRESIDENTIAL

• Mixed-use development

• Retail & restaurant shops under construction

• 231 multi-family units

• Expected June 2018

• Opening March 2018


site

W 38th Ave

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6 MILES TO

DENVER

COMING SOON3790 Wadsworth Blvd. | 9

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WHEAT RIDGE, COLORADO

Wheat Ridge is a home rule municipality located in Jefferson County, Colorado and is just 5 miles west of Denver. Wheat Ridge began as a successful agricultural town, and today it’s tree-line streets combined with its convenient location to adjacent I-70 make Wheat Ridge a desirable place to live and do business.

Wheat Ridge has an excellent and growing business community with convenient locations relative to Downtown Denver, and easy access to major highways. A number of major companies choose to do business in Wheat Ridge including, Lutheran Medical Center, Rocky Mountain Bottle Company and UTI Star Guide Corp.

In addition to the thriving business environment, Wheat Ridge residents can enjoy all of Colorado’s beautiful outdoors, with miles of open space, trails and parks all nestled in the foothills of the Rocky Mountains.

DEMOGRAPHICS

1 Mile 3 Miles 5 Miles

Population 11,840 130,741 356,922

Average Household Income $68,129 $70,511 $74,174

Households 5,559 58,346 148,611

Businesses 1,014 7,121 21,566

Daytime Population 9,697 60,981 236,894


LOcaL Market Overview

Forbes ranked Denver as the

#6 BEST PLACE FOR BUSINESS AND CAREERS

Forbes ranked Denver as the

TOP 10 FASTEST GROWING CITIES IN THE NATION

U.S. Census Bureau cited Colorado as the

#2 MOST HIGHLY EDUCATED STATE

Urban Land Institute and PWC ranked Denver #6 CITY FOR COMMERCIAL REAL ESTATE INVESTMENT

DENVER, COLORADO

MARKET HIGHLIGHTS

• Denver serves as the major transportation gateway to the West, with a well developed infrastructure.

• Denver’s highly educated and skilled labor force attracts tech employers.

• Median household income, at $63,700 per year, is roughly $10,000 greater than the national median income.

INFRASTRUCTURE

• Denver is the primary transportation and distribution hub of the Inter-mountain west and is becoming a major international logistics center.

• The region is accessed by three interstates and two freight rail lines. Interstate 25 is a major NAFTA transportation corridor. In addition, Transport is a mixed-use development that provides intermodal facilities near the airport.

• Air passenger service is provided by Denver International Airport (DIA), while Front Range, Centennial and Rocky Mountain Metropolitan are reliever facilities. Nearly 52 million passengers pass through DIA annu-ally and roughly 30,000 people are employed at the facility.

• The Regional Transportation District (RTD) operates the metro’s buses and light-rail vehicles. Work is under way to expand the rapid-transit rail system along six new lines, as well as extend existing routes and add to the region’s bus network.

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denver Market Overview

1714 W 23RD STREET Affiliated Business Disclosure and Confidentiality Agreement

This Offering Memorandum has been prepared by Legend Investment Group (LIG) for use by a limited number of parties and has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty or representation about it. It is your responsibility to confirm, independently, its accuracy and completeness. All projections have been developed by LIG, Owner and designated sources, are based upon assumptions relating to the general economy, competition, and other factors beyond the control of Owner, and therefore are subject to variation. No representation is made by LIG or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, LIG, Owner and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.

Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective investors. Owner and LIG each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entity reviewing this Offering Memorandum or making an offer to purchase the property unless and until such offer is approved by Owner, a written agreement for the purchase of the property has been fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived.

This Offering Memorandum and the contents, except such information, which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting this Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose this Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or LIG and that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the property and you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or LIG. If you have no interest in the property, please return the Offering Memorandum forthwith.

3790 WADSWORTH BLVD. Affiliated Business Disclosure and Confidentiality Agreement

This Offering Memorandum has been prepared by Legend Investment Group (LIG) for use by a limited number of parties and has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty or representation about it. It is your responsibility to confirm, independently, its accuracy and completeness. All projections have been developed by LIG, Owner and designated sources, are based upon assumptions relating to the general economy, competition, and other factors beyond the control of Owner, and therefore are subject to variation. No representation is made by LIG or Owner as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, LIG, Owner and their employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the Offering Memorandum or any other written or oral communication transmitted or made available to the recipient. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser.

Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective investors. Owner and LIG each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the property and/or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligations to any entity reviewing this Offering Memorandum or making an offer to purchase the property unless and until such offer is approved by Owner, a written agreement for the purchase of the property has been fully executed, delivered and approved by Owner and its legal counsel, and any obligations set by Owner thereunder have been satisfied or waived.

This Offering Memorandum and the contents, except such information, which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting this Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose this Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make a proposal and from whom you have obtained an agreement of confidentiality) without the prior written authorization of Owner or LIG and that you will use the information in this Offering Memorandum for the sole purpose of evaluating your interest in the property and you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of Owner or LIG. If you have no interest in the property, please return the Offering Memorandum forthwith.

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Legend Investment Group5150 E. Yale Circle, Suite 400 • Denver, CO 80222

720.529.2999 • www.legendLLP.com

Chris [email protected]

720.529.2889

Peter [email protected]

720.529.2984

JR [email protected]

720.529.2988

c wiedenmayer Peter Peluso JR Hagan

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