675 Genoa Way - Freestanding FOR SALE


Castle Rock, CO 80109
$12,250,000 USD
675 Genoa Way, Castle Rock, CO for Sale
$12,250,000 USD
Freestanding - FOR SALE
1/18
null | 6.26% Cap Rate

675 Genoa Way
Castle Rock, CO 80109


HIGHLIGHTS

  • Highly-desirable Castle Rock market
  • 1.7% Retail vacancy in market
  • Proximity of I-25 and Outlet Malls
  • New Roof
  • Updated Interior Lights
  • Exterior LED screen facing I-25 off ramp

OVERVIEW

Pinnacle Real Estate Advisors is pleased to present the opportunity to acquire Bubbles Liquor World, a single-tenant NNN leased asset located at 675 Genoa Way, Castle Rock, CO 80109. This 27,395 square foot freestanding building is strategically positioned in Castle Rock, one of Colorado’s most desirable and fastest-growing suburban markets. Anchored by strong population growth and a retail vacancy rate of just 1.7% among the lowest in the state, this property is well-positioned for long-term stability. It offers excellent regional access via Interstate 25, providing seamless connectivity to both Denver and Colorado Springs. The location also benefits from proximity to one of the region’s premier retail draws, the Castle Rock Outlet Malls, which drive consistent consumer traffic to the area. The property is 100% leased to Bubbles Liquor World, a well-established destination liquor retailer with deep roots in the Castle Rock community. Since its founding in 2010, Bubbles has grown into a regional staple, widely regarded as the go-to liquor destination in the area. In 2018, the company expanded with a 5,000-square-foot satellite location, Tiny Bubbles, to serve the fast-growing eastern portion of Castle Rock. This strategic expansion increased market share while also raising barriers to entry for competitors. Most competing liquor stores in the area operate in significantly smaller spaces, typically under 2,000 square feet, further highlighting Bubbles Liquor World's competitive advantage in terms of scale, visibility, and customer reach. This offering presents investors with the opportunity to acquire a stable, cash-flowing asset backed by a high-performing, entrenched tenant in a top-tier Colorado market. It is ideally suited for 1031 exchange buyers and long-term investment strategies seeking durable income and market resilience.

FOR SALE DETAILS

PRICE

$12,250,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bubbles Liquor World

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

2.94 AC

LAND SF

128,066 SF

ZONING

PUD, Castle Rock

APN/PARCEL ID

2351-274-05-005

ASK ABOUT THIS PROPERTY

Levi SaxenPinnacle Real Estate AdvisorsMore Info

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Levi SaxenPinnacle Real Estate AdvisorsMore Info

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