265 S Wadsworth Blvd - Freestanding FOR SALE


Denver, CO 80226
$2,821,000 USD
949-412-1616
265 S Wadsworth Blvd, Denver, CO for Sale
$2,821,000 USD
Freestanding - FOR SALE
1/6
null | 9.5% Cap Rate

265 S Wadsworth Blvd
Denver, CO 80226


HIGHLIGHTS

  • CORPORATE GUARANTEED LEASE – MEDICINE MAN TECHNOLOGIES, INC. (SCHWAZZE)
  • NEW, LONG TERM LEASE - 15 YEAR PRIMARY TERM WITH 2-5 YEAR LEASE OPTIONS TO EXTEND
  • EASE OF MANAGEMENT – ABSOLUTE NNN LEASE / SINGLE TENANT
  • LAKEWOOD, CO - AFFLUENT TRADE AREA / $108,000 AHHI / HIGH GROWTH SUBURB OF DENVER
  • FIXED 15% RENTAL INCREASES EVERY 5 YEARS, INCLUDING OPTION PERIODS
  • FREE STANDING PAD BUILDING – SIGNALIZED INTERSECTION – LARGE PYLON SIGN

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,821,000 USD

PRICE/SF

$2,312 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STAR BUDS-STNL Cannabis/Absolute NNN-15 Yrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

-

APN/PARCEL ID

49-113-00-022

ASK ABOUT THIS PROPERTY

Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

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Jeff ConoverFaris Lee InvestmentsMore Info
949-412-1616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.