Cameron Property Company, a non-traded alternative investment sponsor and affiliate of Madison Capital Group, has purchased a Kum and Go convenience store in Hayden, Colorado for $9.6 million.
Cameron’s convenience store strategy targets gas station convenience stores leased by branded franchise operators.
Situated on 1.7 acres, the 5,160-square-foot property was developed in 2020 and is triple-net leased to Kum and Go for 20 years. The median income within a 5-mile radius of the store is approximately $53,000.
“Hayden is a dynamic submarket of Steamboat Springs, Colorado, and Kum and Go has more than 400 locations throughout the United States,” said Eric Gibson, president.
Cameron Property Company is a commercial real estate development and acquisitions firm, primarily focused on retail development, with a corporate office located in Charlotte, North Carolina.https://thediwire.com/cameron-property-company-expands-portfolio-with-convenience-store-purchase/