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Schwazze dba Star Buds 265 S Wadsworth Blvd

1,151 SF Retail Building Denver, CO 80226 $2,978,000 ($2,587/SF) 9% Cap Rate

Investment Highlights

  • Brand-new 15-year ground lease with 15% rental increases every 5 years
  • Zero Landlord expense & maintenance obligations
  • Located across from Belmar Shopping District – 88th percentile in terms of annual visitors to super-regional malls in Colorado
  • Corporate guaranty from Medicine Man Technologies, Inc.
  • Lakewood is an idyllic suburb of Denver – 6th largest MSA in the Western U.S.

Executive Summary

A publicly traded company Schwazze dba Star Buds featuring a 15-year ground lease with 15% rental increases every 5 years in the Denver MSA. The subject property enjoys outstanding visibility on a signalized corner at an intersection, with a combined traffic flow of approximately 100,000 vehicles per day. It is strategically positioned amidst numerous shopping centers, notably the Belmar Shopping District, home to prominent national retailers like Whole Foods, Target, Dick’s Sporting Goods, Best Buy, and Nordstrom Rack.

Property Facts

Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,151 SF
Building Class
C
Year Built
1967
Price
$2,978,000
Price Per SF
$2,587
Cap Rate
9%
NOI
$267,996
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.27 AC
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Buffalo Wild Wings
Corepower Yoga
IHOP
Noodles & Company
KeyBank
Village Inn
Olive Garden Italian Rstrnt
Bank of Montreal
Bank of America
P.F. Chang's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-113-00-022
Land Assessment
$75,970
Improvements Assessment
$31,266
Total Assessment
$107,236
  • Listing ID: 29649165

  • Date on Market: 9/28/2023

  • Last Updated:

  • Address: 265 S Wadsworth Blvd, Denver, CO 80226

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