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Foothills Cycle 1435 Wadsworth Blvd 18,004 SF Retail Building Lakewood, CO 80214 $5,400,000 ($299.93/SF) 6.13% Cap Rate
INVESTMENT HIGHLIGHTS
- One of the leading BMW/Triumph service and sales centers in the entire country
- $2.35M Assumable Loan at 5.125% through 2029
- Over 7,000 SF of showroom space, 6,000 SF dedicated to parts/apparel/gear, and 3,200 SF dedicated to state-of-the-art service facility space
- Single Tenant NNN lease through 2029
- Renovated in 2020
EXECUTIVE SUMMARY
1435 Wadsworth is a 18,004 sq ft NNN retail space home to Foothills Triumph Motorcycles. Foothills Triumph Motorcycles specializes in motorcycle sales and comprehensive services such as parts, accessories, and rider apparel tailored towards motorcycle riders and enthusiasts. Foothills Motorcycles is home to three uniquely different brands, BMW, Royal Enfield, and Triumph, appealing to different demographics all in one location. Foothills Triumph Motorcycle has a NNN lease signed through 2029 with an optional 5-year extension. The rent escalations are CPI adjusted every year in addition to an assumable loan at 5.125% through 2029.
Property Type: Single Tenant NNN Retail
County: Jefferson
# Buildings: 1
# Stories: 1
Year Built: 1980
Total GBA: 18,004 SF
Total Lot SF: 69,696 SF
Construction: Brick Masonry
Roof Type: Pitched
Parking: Lot
Zoning: M-C-T
Property Type: Single Tenant NNN Retail
County: Jefferson
# Buildings: 1
# Stories: 1
Year Built: 1980
Total GBA: 18,004 SF
Total Lot SF: 69,696 SF
Construction: Brick Masonry
Roof Type: Pitched
Parking: Lot
Zoning: M-C-T
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
18,004 SF
Building Class
B
Year Built/Renovated
1980/2020
Price
$5,400,000
Price Per SF
$299.93
Cap Rate
6.13%
NOI
$331,208
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.60 AC
Zoning
M-C-T
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Foothills BMW Triumph Motorcycles
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Foothills BMW Triumph Motorcycles | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-022-01-002 | Improvements Assessment | $675,605 |
| Land Assessment | $457,972 | Total Assessment | $1,133,577 |
PROPERTY TAXES
Parcel Number
49-022-01-002
Land Assessment
$457,972
Improvements Assessment
$675,605
Total Assessment
$1,133,577
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Foothills Cycle | 1435 Wadsworth Blvd
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