8905 Westminster BlvdWestminster, CO 80031

For Sale
$13,333,333

High-yield cinema investment, Colorado.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a 43,815-square-foot Alamo Drafthouse Cinema in Westminster, Colorado. Located at 8905 Westminster Blvd, 80031, this property sits on a 1.13-acre lot and boasts a brand-new 15-year absolute triple-net (NNN) lease. The lease commenced upon closing and features a current annual rent of $1,000,000, with attractive rental increases of 10% every five years throughout the initial term and each of the three, five-year renewal options. The property's strong financial performance is reflected in its 7.50% pro-forma cap rate and $304.31 price per square foot. Built in 2018, this single-tenant property offers exceptional stability with a corporate guarantee and 100% occupancy. The property is classified as Special Purpose, Subtype Sports/Entertainment, and presents a compelling investment opportunity due to its long-term lease, built-in rent escalations, and the strength of the Alamo Drafthouse brand. This is a rare chance to acquire a high-performing, passively managed asset with significant long-term growth potential. The property's Jefferson County location provides excellent access to a thriving community.

Highlights

  • Brand new 15-year sale-leaseback with Alamo Drafthouse Cinema as tenant.
  • Absolute triple-net (NNN) lease.
  • 10% rental increases every five years.
  • Three five-year tenant renewal options.

Property Details for 8905 Westminster Blvd

Property type
Other specialty properties, Specialty properties
Square Feet
43,815 SF
Year Built
2018
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Westminster
County
Jefferson
State
Colorado
Latitude
39.8585487
Longitude
-105.0616436
8905 Westminster Blvd, Westminster, Colorado

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8905 Westminster Blvd
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