428 Mcculloch BlvdPueblo West, CO 81007

Property Details for 428 Mcculloch Blvd

Year built

2001

Construction

STEEL FRAME

Lot size

0.45 AC

Property size (Sq ft)

3,000 SF

Zone code

B-4

Property type

Retail properties

Property subtype

Other individual retail properties

APN

611312004

APU

611312004

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $964,618

  6.5%

  $890,416

  7%

  $826,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $624,607

  Geo Method

  $624,607

• Alternative Use

  Use

  Valuation

  Residential

  $751,100

  Hospitality

  $688,003

  Educational

  $572,411

  Medical

  $592,097

  Retail

  $890,416

Location Insight

City

Pueblo West

County

Pueblo

State

Colorado

Latitude

38.3182

Longitude

-104.749

CBSA code

39380

CBSA name

PUEBLO, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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