The Boulder Group has completed the sale of a single tenant Maverik convenience store property located at 2351 W Sunset Avenue in Springdale, AR for $4,275,000. The Boulder Group’s Zach Wright and Brandon Wright exclusively represented the seller in the transaction. The seller was a Colorado-based investor and the purchaser was a local real estate investor.

The singe tenant Maverik property is strategically positioned at the heavily trafficked signalized intersection of West Sunset Avenue and Johnson Road, and just east of Interstate 49. The surrounding area is densely populated with over 70,000 people living within three miles of the property.

The property qualifies for 100% Bonus Depreciation and features a long-term lease to Maverik. The lease includes rental increases every five years and no landlord responsibilities. The store was originally built as a Kum & Go and was recently rebranded to a Maverik. Maverik acquired Kum & Go in 2023 for $2 billion and is an industry leading convenience store chain with 840+ locations in 21 states

“We have seen strong investor demand for single tenant gas station properties that qualify for 100% Bonus Depreciation. These qualifying properties allow an investor to immediately write off all improvements in year one, which can be as high as 100% of the acquisition cost (net of land value),” stated Zach Wright, Vice President.

“Well-located single tenant properties in Northwest Arkansas continue to command strong interest from net lease investors and are trading for aggressive cap rates,” said Brandon Wright, Associate.

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high-net-worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $9 billion of single tenant net lease real estate transactions. From 2013-2024, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago and has an office in Denver.

For additional information, please visit www.BoulderGroup.com

PR Contact

Zach Wright 720-604-2220

Zach@BoulderGroup.com

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