Greeley 7-Eleven property fetches $1.1M sale price

GREELEY – A local investor, under the entity KAK Properties LLC, recently paid $1,110,000 for the 7-Eleven gas station property at 2803 W. 10th St., a property that listing broker Steve Kawulok of Sperry Van Ness/The Group Commercial said attracted a lot of national interest because of the tenant and lease status.

7-Eleven has six years remaining on the triple-net lease with renewal options after that. Under the terms of the lease, Kawulok said 7-Eleven takes care of most items concerning the upkeep of the property, making for low-hassle and strong cash-flow yield for the investor.

“There’s a lot of demand for…