8900 Wadsworth BlvdWestminster, CO 80021

For Sale
$1,687,000

Westminster, CO Retail Property. High NOI.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership of a 3,880-square-foot freestanding retail building in Westminster, Colorado. Currently occupied by a Honey Baked Ham Company under an absolute NNN lease, this property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $97,000. The lease, commencing February 10, 1995, has a remaining term of approximately 9.3 years, with two 5-year renewal options, each including a 10% rent increase. The building, constructed in 1985, is situated on a prominent corner lot with high visibility and convenient access to major roadways, experiencing over 80,750 vehicles per day. Located adjacent to Towne Center at Brookhill, a thriving retail center, this location benefits from a dense and affluent trade area with over 114,000 residents within a 3-mile radius and average household incomes exceeding $128,826. The property is offered free and clear of existing debt on an "As-Is/Where-Is" basis. This Honey Baked Ham location is a top performer, consistently ranking among the highest-performing stores nationwide. The asking price is $1,687,000. This is a rare opportunity to acquire a stable, high-performing retail investment with significant long-term growth potential.

Property Details for 8900 Wadsworth Blvd

Property type
Other retail properties, Restaurants
Square Feet
3,880 SF
Year Built
1985
Buildings
1
Stories
1

Location Insight

City
Westminster
County
Jefferson
State
Colorado
Latitude
39.8591202
Longitude
-105.0809953
8900 Wadsworth Blvd, Westminster, Colorado

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8900 Wadsworth Blvd
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