Autowash | Triple Net (NNN) Lease
$3,840,000
1398 South Wadsworth Boulevard, Lakewood, CO 80232
For Sale
Retail
Free Standing
Active
Last Updated: 06/01/2021
6.25
Cap Rate
240,000
NOI
Details:
Cap Rate: 6.25%
NOI: $240,000
Building Size: 4,155 sqft
Lot Area: 0.49 acres
Lease Type: Triple Net
Year Built: 2005
Price Per Sqft: $924.19
Year Last Renovated: 2020
Roof & Structure: Tenant’s Responsibility
HVAC: Tenant’s Responsibility
Floor: Tenant’s Responsibility
Highlights:
- New Long-Term 15 Year Corporate Guaranteed Triple Net (NNN) Lease
- Zero Landlord Responsibilities
- Autowash Was Founded in 2012 and Operates 15 Locations Throughout Colorado
- Autowash Offers Top of the Line Technology in the Touch-Free Contour Wash, a Self-Serve Car Wash and You Can Also Sign Up For a Membership and Use Their App For Convenience
- Situated Along S Wadsworth Blvd, a Major North-South Arterial Thoroughfare in Denver With Traffic Counts of Over 55,400 Vehicles Per Day
- Located in a Dense Residential Neighborhood With a Population of 151,218 Residents Making an Average Household Income of $81,622 Within a 3-Mile Radius
- Minutes From Alameda International Junior/Senior High School and Sports Complex, Emory Elementary School and the Lakewood Link Rec Center
- The Economy in Lakewood is Diverse While the Largest Employers Are the Government; Companies Based in Lakewood Include: Einstein Bros Bagels, 1stBank and the Integer Group
- Lakewood is Located Just Southwest of Downtown Denver (17 Minutes); and is Part of the 12-City Denver-Aurora MSA Which Has a Population of Over 3,572,798 People and Was Named the “Best Place to Live in 2016” By U.S. News & World Report
- Colorado Tourism Set an All-Time Spending Record in 2018 With the State Attracting Over 85 Million Visitors For the Year
- Nearby Tenants Include: Goodwill, Hobby Lobby, Target, Dick’s, Whole Foods, Wells Fargo, Ross, Michaels, Best Buy, Old Navy, Panera Bread, Red Lobster, Chick-fil-A and Many More
Description:
Sands Investment Group is Pleased to Exclusively Offer For Sale the 4,155 SF Autowash, Which is Currently Undergoing Renovations and is Located at 1398 South Wadsworth Boulevard in Lakewood, Colorado. This Opportunity Includes a Brand-New 15 Year Triple Net (NNN) Lease With a Corporate Guarantee, Providing For an Excellent Investment.
Documents:
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Offering Memorandum
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