Schwazze dba Star Buds | 265 S Wadsworth Blvd
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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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 49-113-00-022 | Improvements Assessment | $31,266 |
Land Assessment | $75,970 | Total Assessment | $107,236 |
PROPERTY TAXES
Parcel Number
49-113-00-022
Land Assessment
$75,970
Improvements Assessment
$31,266
Total Assessment
$107,236
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Schwazze dba Star Buds | 265 S Wadsworth Blvd
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