For Sale
$850,000

428 Mcculloch BlvdPueblo West, CO 81007

High-yield Pueblo West storefront, 7.76% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a stabilized retail storefront located at 428 S McCulloch Blvd, Pueblo West, CO 81007. The property consists of two single-story buildings totaling 6,000 square feet on a substantial 19,500 square foot lot. Built in 2001, the property is currently 37% occupied by Star Buds, a leading recreational cannabis retailer, under an absolute NNN lease with a corporate guarantee from Schwazze. This provides a secure and reliable income stream, with a current net operating income (NOI) of $66,000 and a 7.76% capitalization rate. The asking price is $850,000, translating to $141.67 per square foot. The tenant has occupied the 2,232 square foot space since December 2019, demonstrating a long-term commitment to the location. This investment is ideal for buyers seeking a proven, income-generating asset in a strategic location within Pueblo County. Seller financing options are available. The property's location offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-positioned retail property with a strong tenant and significant upside potential.

Highlights

  • Exceptional investment opportunity: 6,000 SF retail property on a 19,500 SF lot in Pueblo West, CO.
  • Currently 37% occupied by Star Buds (cannabis retailer) under an absolute NNN lease with corporate guarantee.
  • Strong NOI of $66,000 and a 7.76% cap rate.
  • Asking price: $850,000 ($141.67/SF).
  • Seller financing available.

Property Details for 428 Mcculloch Blvd

Property type
Retail properties, Retail space
Square Feet
6,000 SF
Year Built
2001
Buildings
2
Stories
1
Units
2

Location Insight

City
Pueblo West
County
Pueblo
State
Colorado
Latitude
38.3182062
Longitude
-104.748653
428 Mcculloch Blvd, Pueblo West, Colorado

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428 Mcculloch Blvd
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