Frederick 7-Eleven store, gas station fetches $4.35M

FREDERICK — The 7-Eleven convenience store and filling station at 3500 Colorado Highway 52 recently changed hands for $4.35 million.
Frederick GPA LLC, an entity registered to the Michigan address of Investors Equity Group Inc., sold the roughly 3,500-square-foot building on a bit more than two acres to California-based developer Bolthouse Land Co. LLC, according to Weld County public records.
“Leveraging B+E’s proprietary database we were able to analyze rapidly changing market conditions to help our client identify an asset that would thrive in today’s pandemic environment,” said Hayden Salvas, a broker with B+E LLC, which represented the seller when the firm purchased the 7-Eleven in June for just under $4 million. “We are seeing rapid cap rate compression during the last few months for convenience stores.”
© 2021 BizWest Media LLC
FREDERICK — The 7-Eleven convenience store and filling station at 3500 Colorado Highway 52 recently changed hands for $4.35 million.
Frederick GPA LLC, an entity registered to the Michigan address of Investors Equity Group Inc., sold the roughly 3,500-square-foot building on a bit more than two acres to California-based developer Bolthouse Land Co. LLC, according to Weld County public records.
“Leveraging B+E’s proprietary database we were able to analyze rapidly changing market conditions to help our client identify an asset that would thrive in today’s pandemic environment,” said Hayden Salvas, a broker with B+E LLC, which…
Start your subscription to BizWest, The Business Journal of the Boulder Valley and Northern Colorado, TODAY!
Online access PLUS print versions of all Bizwest publications
One month subscription includes:
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
- 1-year access to daily email newsletter & breaking news alerts.
Online access for one year.
One month subscription includes:
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year access to daily email newsletter & breaking news alerts.
Online and print versions of all Bizwest publications PLUS premium access to BizWest Datastore for one year.
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to unlimited downloads from the BizWest Datastore!
- 1-year premium online access to the Breaking Ground website!
- 1-year access to daily email newsletter & breaking news alerts.
Premium access to the BreakingGround site plus online and print versions of all BizWest publications.
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to the Breaking Ground website!
- 1-year access to daily email newsletter & breaking news alerts.
Premium access to the BreakingGround site plus online and print versions of all BizWest publications.
One month subscription includes:
- 1-year premium online access to the Breaking Ground website!
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
- 1-year access to daily email newsletter & breaking news alerts.