265 Wadsworth Blvd Lakewood, CO 80226-1517
- Retail space
- 1,151 SF
- 0.27 lot acres
May 18, 2025
Current Use by Public Records
- MoneyGram / Money Transfer Service
- Titan Garage Door Repairs / Garage Door Supplier
- Star Buds Lakewood / Cannabis Store / Cannabis Club
- Speedy Cash / Money Transfer Service / Loan Agency
Property Details for 265 Wadsworth Blvd
- Year built
- 1967
- Construction
- STEEL FRAME
- Lot size
- 0.27 lot acres
- Property size
- 1,151 SF
- Property type
- Retail space
- APN
- 49-113-00-022
- APU
- 4911300022
Description
This exceptional investment opportunity presents a 11,587 square foot freestanding retail building situated on a 0.26-acre lot in Lakewood, Colorado. The property boasts a brand-new, 15-year absolute NNN ground lease with a prominent tenant, Schwazze dba Star Buds, a publicly traded company. The lease includes attractive 15% rent bumps every five years, ensuring consistent income growth. The building underwent renovations in 2023 and enjoys exceptional visibility at a signalized intersection with approximately 100,000 vehicles passing daily. Its strategic location across from the Belmar Shopping District, a thriving retail hub featuring national retailers like Whole Foods, Target, and Nordstrom Rack, guarantees high foot traffic and brand recognition. The property offers a substantial net operating income (NOI) of $267,996, translating to a compelling 9.00% cap rate at an asking price of $2,978,000 ($257.01 per square foot). The lease is backed by a corporate guarantee from Schwazze, a publicly traded company with a diverse portfolio of cannabis brands and operations. This is a truly passive investment with zero landlord expenses and maintenance obligations. Four, 5-year lease options further enhance the long-term value and security of this investment. Lakewood's position as a thriving suburb within the Denver MSA, the 6th largest in the Western U.S., adds to the property's appeal. The Belmar Shopping District's high annual visitor count, ranking in the 88th percentile for super-regional malls in Colorado, underscores the property's prime location and potential for continued success.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,120,000
- ML approach
- $2,130,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.082
- Latitude
- 39.7117
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
