8900 Wadsworth Pky - Fast Food FOR SALE


Westminster, CO 80021
$1,687,000 USD
720-528-6308
8900 Wadsworth Pky, Westminster, CO for Sale
$1,687,000 USD
Fast Food - FOR SALE
1/3
null | 5.75% Cap Rate

8900 Wadsworth Pky
Westminster, CO 80021


HIGHLIGHTS

  • Tenant has operated at this location since 1995
  • Tenant executed a 10-year renewal March 2024
  • New Roof installed in 2020

OVERVIEW

CBRE, Inc. is pleased to exclusively offer a HoneyBaked Ham Company retail location in Westminster, Colorado (Denver MSA). The offering is inclusive of a triple-net lease with 10 years remaining on the lease term and two 5-year automatic renewal options. The lease is corporately secured by The HoneyBaked Ham Company, LLC. The Offering features a 3,880-square foot freestanding retail facility built in 1985. The Property is located adjacent to the Towne Center at Brookhill, a 26.85-acre retail development that features an array of daily need goods and services, discount soft goods merchandise, entertainment and quick-serve dining, making it a top destination for local and regional consumers. The location benefits from a hard corner, lighted entrance off of Wadsworth Blvd and high barriers to entry in a entirely built out retail trade area. With convenient access along two of the main traffic arteries in Westminster, West 88th Ave and Wadsworth Blvd, drive by exposure is over 80,750 vehicles per day. This strategic location is just 2 miles from the US 36 and Sheridan Avenue interchange, midway between Denver and Boulder on the US 36 tech corridor. HoneyBaked Ham Company is an American food retailer that sells pre-cooked entrees featuring their famous spiral-cut hams. Founded in 1957 by Harry Hoenselaar in Detroit, Michigan after he invented the first spiral-slicing machine. The chain has grown to over 440 locations across 40 states in the U.S. HoneyBaked Ham Co is being offered free and clear of existing debt on an “As-Is/Where Is” basis.

FOR SALE DETAILS

PRICE

$1,687,000 USD

PRICE/SF

$435 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Honey Baked Ham Co at Towne Center Brookhill

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

PUD

APN/PARCEL ID

29-234-03-011

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
720-528-6308

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Matt HenrichsCBRE, Inc.More Info
720-528-6308

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