For Sale $2,978,000
Property Type Retail - Freestanding
Property Size 11,587 SF
Units 1
Lot Size 0.26 Acre
Property Tenancy Single Tenant
Year Renovated 2023
Date Updated Apr 1, 2024

-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.

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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

Contacts

John Andreini

CP Partners

(415) 274-2715

Location

Getting Around

Walk Score ®
84/100 Very Walkable
Transit Score ®
43/100 Some Transit
Bike Score ®
75/100 Very Bikeable

City Lakewood, CO
Neighborhood Mid-Lakewood Civic Association
Zip Code 80226
Market Denver

Points of Interest

Lakewood - Wadsworth

1.73 miles
Lamar

1.92 miles
Garrison

1.96 miles
Sheridan

2.23 miles
Federal Center

2.57 miles
Oak

2.69 miles
Perry

2.75 miles
Knox

3.10 miles
Decatur Federal

3.56 miles
Red Rocks College

3.85 miles

ChargePoint

0.29 miles
7-Eleven

0.56 miles
Phillips 66

0.98 miles
Conoco

1.02 miles
Valero

1.10 miles
Conoco

1.11 miles
Conoco

1.40 miles
Shell

1.51 miles
Liberty Gas

1.51 miles
7-Eleven

1.58 miles

H

0.79 miles
1075

0.99 miles
6

1.01 miles
7791

1.02 miles
7951

1.03 miles
Gold

1.06 miles
AAA

1.08 miles
Taqueria

1.08 miles
Brunswick

1.08 miles
The Jefferson

1.09 miles

Dairy Queen

0.02 miles
Olive Garden

0.03 miles
Noodles & Company

0.08 miles
Smashburger

0.08 miles
Chipotle

0.09 miles
In-N-Out Burger

0.11 miles
Jimmy John's

0.11 miles
Village Inn

0.14 miles
First Watch

0.14 miles
IHOP

0.16 miles

Whole Foods Market

0.20 miles
Bath & Body Works / EcoPolitan

0.21 miles
King Soopers

0.23 miles
Target

0.32 miles
Walmart Supercenter

0.74 miles
Viet Hoa Supermarket

1.44 miles
Carmine Lonardo's

1.52 miles
Won's Market

1.59 miles
Big Lots

1.91 miles
King Soopers

2.08 miles

Frequently Asked Questions

What is the lease rate for Schwazze dba Star Buds?

Rental asking rate at Schwazze dba Star Buds is $1,489,000.00/YR.

What is the total square footage of Schwazze dba Star Buds?

Schwazze dba Star Buds totals 11,587 square feet.

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