What is the asking price for Alta Convenience?

The lease rate for space here is $3,925,925.

What is the total size of Alta Convenience?

The property has a total square footage of 18,870 SF.

When was this property built?

Alta Convenience was built in 1975.

How many parking spaces are available at Alta Convenience?

Parking information for the property isn't currently listed. However, other nearby parking options include USP Florence High, located 5.45 miles away , and FCI Florence, which is 5.78 miles away.

916 CO-115, Penrose, CO 81240 | CommercialCafe.com

For Sale $3,925,925
Property Type Retail
Property Size 18,870 SF
Lot Size 8.13 Acre
Parking Spaces Avail. 35
Year Built 1975
Year Renovated 2001
Date Updated Oct 19, 2026

Description

Along Highway 115 near US Highway 50 in Penrose, Colorado.916 Highway 115 in Penrose, Colorado presents an opportunity to acquire an established fuel and convenience retail property leased to Alta Convenience. Offered at $3,925,925 at a 6.75% cap rate, the 18,870-square-foot property sits on 8.13 acres and generates $265,000 in Year-One NOI. Strategically located along Highway 115 near US Highway 50, the property features 11 fuel pumps, a car wash, and ample parking. Backed by an established regional operator with 164 locations, the absolute NNN lease extends through January 2041 with 7.5% rent increases every five years, offering investors stable cash flow and limited landlord responsibilities.

Highlights

164 service stations and convenience stores throughout the Mountain West and Midwest
7.5% rent increases in 2031, 2036 and in each of the four 5-year renewal options
Able to be sold as a portfolio with Alta in Saguache, CO
Absolute NNN lease structure with $265,000 Year-One NOI
Established Essential-Service Assets
Qualifies for bonus depreciation with very low land basis
Strategic Location with Regional Traffic Exposure
Strong In-Place Cash Flow & Long-Term Investment Potential
Strong Tenant: Colorado owned Alta Convenience operates