8905 Westminster Blvd - Sports and Entertainment FOR SALE


Westminster, CO 80031
$13,333,333 USD
513-300-0763
8905 Westminster Blvd, Westminster, CO for Sale
$13,333,333 USD
Sports and Entertainment - FOR SALE
1/2
null | 7.5% Cap Rate

8905 Westminster Blvd
Westminster, CO 80031


HIGHLIGHTS

  • Brand New 15 Year Sale Leaseback
  • Absolute Triple-Net (NNN) Lease
  • Attractive Rental Increases – 10% Every 5 Years

OVERVIEW

Bang Realty is pleased to present the exclusive listing for an Alamo Drafthouse Cinema located at 8905 Westminster Boulevard in Westminster, Colorado. The site consists of roughly 43,815 rentable square feet of building space on estimated 1.13-acre parcel of land. This Alamo Drafthouse Cinema is subject to a 15-year absolute triple-net (NNN) lease, which commences at the close of escrow. The current annual rent is $1,000,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 3, 5-year renewal options.

FOR SALE DETAILS

PRICE

$13,333,333 USD

PRICE/SF

$342 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alamo Drafthouse Cinema

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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