7-Eleven (Condo) | $2.9M in Gross Sales | 5 Min. Walk to Coors Field
1800 Lawrence St, Denver, CO 80202
Price: $2,188,000
Status: Under Contract
Cap Rate: 5.50%
Year Built:
NOI: $120,348
Lot Size: N/A acres
Price Per Foot: $625
Lease Type: Triple-Net (NNN)
Remaining Term: 5+
GLA: 3,500 sqft
Property Intro
Lee & Associates is pleased to present for sale a single-tenant 7-Eleven retail condominium located at the signalized corner of 18th Street and Lawrence Street in the heart of downtown Denver, Colorado. The 3,500-square-foot retail condo is part of the upscale Isbell Lofts and is situated in one of the city’s most densely developed corridors, within walking distance to Union Station, Coors Field, the Dairy Block, and the 16th Street Mall. This prime infill location benefits from strong daytime traffic and residential density, with over 1,000 apartment units within a three-block radius.
The asset is backed by a corporate guarantee from 7-Eleven, Inc., rated “A” by Standard & Poor’s, and operates under a passive triple-net (NNN) lease structure with minimal landlord responsibilities. In 2025, 7-Eleven exercised its second five-year option, extending the lease through December 2030, with built-in rent escalations of either 125% of prior rent or CPI-based adjustments.
Located in one of the most supply-constrained and sought-after urban markets in the country, downtown Denver combines high barriers to entry with long-term growth potential. The immediate area features a mix of luxury residential towers, office buildings, and premier amenities, drawing from Denver’s 3-million-plus metro population. With an estimated average household income exceeding $144,000 within a 3-mile radius and strong investor demand for core urban assets, this offering presents an opportunity to acquire a high-performing, credit-backed retail property in a dynamic central business district.