801 Wadsworth Blvd Lakewood, CO 80214-4500
- Car washes
- 4,760 SF
- 1.16 lot acres
Current Use by Public Records
- Belmar Park / Park / Tourist Attraction
- Cobblestone Car Wash / Car Wash
- Frank Sandoval Clara Corporation / Physical Therapy Clinic
- Sonny's Car Wash / Car Wash
Property Details for 801 Wadsworth Blvd
- Year built
- 2023
- Lot size
- 1.16 lot acres
- Property size
- 4,760 SF
- Property type
- Car washes
- APN
- 49-023-00-127
- APU
- 4902300127
Description
Exceptional investment opportunity: a 2023-built, 6,439 square foot car wash in Lakewood, Colorado. This single-tenant property sits on a 1.2-acre lot at 801 Wadsworth Blvd, 80214, and boasts a strong 6.50% cap rate with a Net Operating Income (NOI) of $373,622. The property is currently 100% occupied under a 20-year absolute triple-net (NNN) lease with a corporate guarantee from Cobblestone HoldCo LLC, providing significant financial security. The lease includes annual rent increases of 1.50% throughout the initial term and four, five-year renewal options, extending the potential lease term to 40 years. The asking price is $5,748,031, translating to $892.69 per square foot. This property offers significant tax advantages through accelerated and bonus depreciation, qualifying for both 60% bonus depreciation and 15-year accelerated depreciation. The long-term lease, strong tenant, and attractive financial metrics make this a compelling investment opportunity in a prime Colorado location. This sale-leaseback structure provides a passive income stream with built-in growth potential. The property's modern construction and established tenant base ensure a stable and profitable investment for years to come.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,760,000
- 6.5%
- $8,940,000
- 7%
- $9,135,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,070,000
- Geo Method
- $9,550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,900,000
- Retail
- $8,880,000
- Mixed-Use
- $9,465,000
- Hospitality
- $7,940,000
- Educational
- $8,125,000
- Residential Income
- $7,690,000
- Energy
- $9,405,000
- Income-Based Land
- $8,110,000
- Food Service
- $7,165,000
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.082
- Latitude
- 39.729
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
