For Sale
$2,950,000

0 Wadsworth Blvd & Warren AveLakewood, CO 80232

High-yield, single-tenant retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, single-tenant, Class A, 9,736 square foot retail building located at the high-traffic intersection of Wadsworth Blvd & Warren Ave in Lakewood, Colorado (80232). The property sits on a substantial 74,925 square foot lot and includes 50 parking spaces. The building is a 2024 construction, featuring a Les Schwab Tire store under a 20-year absolute NNN ground lease, commencing January 6, 2023, and expiring January 5, 2043. The lease includes rent bumps of 10% at years 6, 11, and 16, ensuring consistent income growth. The tenant, Les Schwab, is a credit-rated national brand, providing significant stability and security. The property boasts a 4.24% cap rate with a Net Operating Income (NOI) of $125,000 and an asking price of $2,950,000. This is a rare opportunity to acquire a stabilized, high-performing retail investment with a long-term lease and significant upside potential in a prime Lakewood location. The property's Jefferson County APN is 49-261-02-004. The property is currently 100% occupied.

Highlights

  • $2,950,000 asking price for a stabilized, Class A, single-tenant NNN retail investment.
  • Les Schwab Tire is the credit-rated tenant on a 20-year absolute NNN ground lease, commencing January 6, 2023, and expiring January 5, 2043.
  • The property features 9,736 square feet on a 74,925 square foot lot with 50 parking spaces, located at Wadsworth Blvd & Warren Ave, Lakewood, CO 80232.
  • The property offers a 4.24% cap rate with a $125,000 NOI. Rent increases by 10% every five years (years 6, 11, and 16).
  • Broker co-op is available. APN: 49-261-02-004.

Property Details for 0 Wadsworth Blvd & Warren Ave

Property type
Retail properties, NNN retail properties
Square Feet
9,736 SF
Class
A
Year Built
2024
Buildings
1
Stories
1

Location Insight

City
Lakewood
County
Jefferson
State
Colorado
Latitude
39.677292699886
Longitude
-105.08133954875
Wadsworth Blvd & Warren Ave, Lakewood, Colorado

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0 Wadsworth Blvd & Warren Ave
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