Schwazze dba Star Buds

265 South Wadsworth Boulevard, Lakewood, CO

$2,978,000

Price

9%

Cap Rate

$267,996

NOI

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Street
Map
Overview
Cap Rate
9%
NOI
$267,996
Building Size
11,587 sqft
Lot Area
0.26 sqft
Lease Type
Ground
Tenancy
Single
Year Last Renovated
2023
Description

A publicly traded company Schwazze dba Star Buds featuring a 15-year ground lease with 15% rental increases every 5 years in the Denver MSA. The subject property enjoys outstanding visibility on a signalized corner at an intersection, with a combined traffic flow of approximately 100,000 vehicles per day. It is strategically positioned amidst numerous shopping centers, notably the Belmar Shopping District, home to prominent national retailers like Whole Foods, Target, Dick’s Sporting Goods, Best Buy, and Nordstrom Rack.

Highlights
  • Brand-new 15-year ground lease with 15% rental increases every 5 years
  • Corporate guaranty from Medicine Man Technologies, Inc.
  • Zero Landlord expense & maintenance obligations
  • Medicine Man Technologies, Inc. (now operating as Schwazze) is a publicly traded company that owns and operates a portfolio of 8 leading cannabis brands with 33 retail dispensaries, 7 cultivation/grow facilities, and 2 manufacturing facilities
  • Lakewood is an idyllic suburb of Denver – 6th largest MSA in the Western U.S.
  • Located across from Belmar Shopping District – 88th percentile in terms of annual visitors to super-regional malls in Colorado
Documents
Title
Schwazze_LakewoodCO.pdf
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Location
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