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801 Wadsworth Blvd
Lakewood, CO 80214

Cobblestone Car Wash · Retail Property For Sale

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • 1.50% Annual Rental Increases
  • Corporate Guaranty from Cobblestone HoldCo LLC | 80+ Unit Guaranty

Executive Summary

Bang Realty and Marcus & Millichap are pleased to present the exclusive listing for Cobblestone Car Wash, located at 801 Wadsworth Blvd in Lakewood, CO. The site consists of roughly 6,439 total rentable square feet of building space on an estimated total of 1.20-acres of land. This Cobblestone Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $373,622 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,439 SF
Building Class
B
Year Built
1982
Price
£4,502,433
Price Per SF
£699
Net Initial Yield
6.50%
NOI
£292,658
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
1.20 AC
Zoning
Commercial - Commercial

Amenities

  • Drive Thru
 

  • Listing ID: 32583291

  • Date on Market: 25/07/2024

  • Last Updated:

  • Address: 801 Wadsworth Blvd, Lakewood, CO 80214

The Retail Property at 801 Wadsworth Blvd, Lakewood, CO 80214 is currently available for sale. Contact Bang Realty for more information.

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