0 Wadsworth Blvd & Warren AveLakewood, CO 80232

Property Details for 0 Wadsworth Blvd & Warren Ave

Year built

2024

Property size (Sq ft)

9,736 SF

Property type

Investment properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.6773

Longitude

-105.081

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