8905 Westminster Blvd, Westminster, CO 80031-2800
- Theaters & concert halls
- 44,283 SF
- 1.15 lot acres
Current Use by Public Records
- Alamo Drafthouse Westminster / Cinema / Theater & Performing Art Venue
- Pandora's Box / Bar & Pub / Restaurant
- Alamo Drafthouse Cinema Westminster / Hotel & Motel / Resort
Property Details for 8905 Westminster Blvd
- Year built
- 2019
- Lot size
- 1.15 lot acres
- Property type
- Theaters & concert halls
- APN
- 29-244-22-014
- APU
- 2924422014
Description
This exceptional investment opportunity presents a 43,815-square-foot Alamo Drafthouse Cinema in Westminster, Colorado. Located at 8905 Westminster Blvd, 80031, this property sits on a 1.13-acre lot and boasts a brand-new 15-year absolute triple-net (NNN) lease. The lease commenced upon closing and features a current annual rent of $1,000,000, with attractive rental increases of 10% every five years throughout the initial term and each of the three, five-year renewal options. The property's strong financial performance is reflected in its 7.50% pro-forma cap rate and $304.31 price per square foot. Built in 2018, this single-tenant property offers exceptional stability with a corporate guarantee and 100% occupancy. The property is classified as Special Purpose, Subtype Sports/Entertainment, and presents a compelling investment opportunity due to its long-term lease, built-in rent escalations, and the strength of the Alamo Drafthouse brand. This is a rare chance to acquire a high-performing, passively managed asset with significant long-term growth potential. The property's Jefferson County location provides excellent access to a thriving community.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $875,000
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Location Insight
- Map
- Local Demand
- City
- Westminster
- County
- Jefferson
- State
- Colorado
- Longitude
- -105.062
- Latitude
- 39.8586
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
