STAR BUDS-STNL Cannabis/Absolute NNN-15 Yrs

Highlights:

• CORPORATE GUARANTEED LEASE – MEDICINE MAN TECHNOLOGIES, INC. (SCHWAZZE)
• NEW, LONG TERM LEASE - 15 YEAR PRIMARY TERM WITH 2-5 YEAR LEASE OPTIONS TO EXTEND
• EASE OF MANAGEMENT – ABSOLUTE NNN LEASE / SINGLE TENANT
• LAKEWOOD, CO - AFFLUENT TRADE AREA / $108,000 AHHI / HIGH GROWTH SUBURB OF DENVER
• FIXED 15% RENTAL INCREASES EVERY 5 YEARS, INCLUDING OPTION PERIODS
• FREE STANDING PAD BUILDING – SIGNALIZED INTERSECTION – LARGE PYLON SIGN

Description:

Colorado Broker Of Record - Julie Mcbrearty - License No. : FA1000441441
Faris Lee Investments is pleased to offer for sale a corporate guaranteed, single tenant, absolute NNN leased property. The cannabis tenant, Star Buds Dispensary, is on a new long-term 15-year lease with two 5-year options to extend the term. The lease features fixed 15% rental increases every 5 years, and the tenant is responsible for all expenses associated with the property.
Medicine Man Technologies, Inc. (Schwazze), dba Star Buds, has guaranteed the lease and operates over 63 retail dispensaries, 6 cultivation facilities, and 4 manufacturing operations across multiple states. Headquartered in Denver, CO.

The subject property is strategically located in Lakewood, Colorado, less than 8 miles from downtown Denver. Situated at a signalized intersection along S. Wadsworth Blvd. and W. Alameda Ave. (100,000 VPD), the property benefits from high visibility and significant customer traffic. Adjacent Tenants include DQ and Olive Garden. Nearby retail tenants include Target, Nordstrom Rack, Whole Foods, and The Home Depot, ensuring consistent consumer activity in the immediate trade area. Lakewood boasts a trade area with over 372,000 residents and 155,000 daytime employees within 5 miles, along with an affluent average household income above $108,000.
This opportunity offers a secure income stream backed by a publicly traded corporation, an exceptional location, and long-term investment stability.


Discover the vibrant community surrounding the property in Lakewood, CO. Situated near major roads and numerous amenities, the area offers convenience and accessibility for potential tenants and employees. With close proximity to Belmar, a trendy mixed-use neighborhood offering shopping, dining, and entertainment options, the location is primed for attracting top talent. Nearby public parks and outdoor recreational areas provide opportunities for relaxation and wellness. The area's strong local economy and steady population growth make it an attractive destination for businesses and investors looking to capitalize on the dynamic energy of Lakewood.