8905 Westminster BlvdWestminster, CO 80031

Property Details for 8905 Westminster Blvd

Year built

2019

Lot size

1.15 AC

Property size (Sq ft)

44,283 SF

Property type

Sports & entertainment properties

Property subtype

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.

• Alternative Use

  Use

  Valuation

  Residential

  $9,315,026

  Hospitality

  $8,532,514

  Educational

  $7,098,952

  Medical

  $7,343,096

  Retail

  $11,042,813

Location Insight

City

Westminster

County

Jefferson

State

Colorado

Latitude

39.8586

Longitude

-105.062

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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