Colorado Broker Of Record - Julie McBrearty - License No. : FA1000441441
Faris Lee Investments is pleased to offer for sale a corporate guaranteed, single tenant,
absolute NNN leased property. The cannabis tenant, Star Buds Dispensary, is on a new
long-term 15-year lease with two 5-year options to extend the term. The lease features
fixed 15% rental increases every 5 years, and the tenant is responsible for all expenses
associated with the property.
Medicine Man Technologies, Inc. (Schwazze), dba Star Buds, has guaranteed the lease and
operates over 63 retail dispensaries, 6 cultivation facilities, and 4 manufacturing operations
across multiple states. Headquartered in Denver, CO.
The subject property is strategically located in Lakewood, Colorado, less than 8 miles from
downtown Denver. Situated at a signalized intersection along S. Wadsworth Blvd. and W.
Alameda Ave. (100,000 VPD), the property benefits from high visibility and significant
customer traffic. Adjacent Tenants include DQ and Olive Garden. Nearby retail tenants
include Target, Nordstrom Rack, Whole Foods, and The Home Depot, ensuring consistent
consumer activity in the immediate trade area. Lakewood boasts a trade area with over
372,000 residents and 155,000 daytime employees within 5 miles, along with an affluent
average household income above $108,000.
This opportunity offers a secure income stream backed by a publicly traded corporation,
an exceptional location, and long-term investment stability.