For Sale
$1,687,000

8900 Wadsworth Blvd Westminster, CO 80021

Westminster, CO Retail Property. High NOI.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple ownership of a 3,880-square-foot freestanding retail building in Westminster, Colorado. Currently occupied by a Honey Baked Ham Company under an absolute NNN lease, this property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $97,000. The lease, commencing February 10, 1995, has a remaining term of approximately 9.3 years, with two 5-year renewal options, each including a 10% rent increase. The building, constructed in 1985, is situated on a prominent corner lot with high visibility and convenient access to major roadways, experiencing over 80,750 vehicles per day. Located adjacent to Towne Center at Brookhill, a thriving retail center, this location benefits from a dense and affluent trade area with over 114,000 residents within a 3-mile radius and average household incomes exceeding $128,826. The property is offered free and clear of existing debt on an "As-Is/Where-Is" basis. This Honey Baked Ham location is a top performer, consistently ranking among the highest-performing stores nationwide. The asking price is $1,687,000. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term growth potential.

Property Details for 8900 Wadsworth Blvd

Property type
Retail properties, Restaurants
Square Feet
3,880 SF
Year Built
1985
Buildings
1
Stories
1

Location Insight

City
Westminster
County
Jefferson
State
Colorado
Latitude
39.8591202
Longitude
-105.0809953

FAQs

What type of property is this?
Retail property - Westminster, CO Retail Property. High NOI.
Where is the retail property located?
The property is located at 8900 Wadsworth Blvd Westminster, CO.
What is the asking price?
The asking price for this property is $1,687,000.
How can I contact the broker?
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8900 Wadsworth Blvd
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