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333-339 Main St 17,889 SF 100% Leased Retail Building Mead, CO 80542 $3,650,000 ($204.04/SF) 8% Cap Rate
Executive Summary
333-339 Main St is a fully renovated, turnkey mixed use investment in the heart of Downtown Mead, currently 100% leased across 13 income producing units with approximately 8% cap potential through documented event venue upside.The asset spans 17,889 SF across three buildings, fully renovated between 2021 and 2023. Highland Lake Brewery and Sweet Flower anchor the retail mix on 5 year leases, with diversified office and residential income rounding out the stack. Several leases include 3 to 5 percent annual rent escalations, and tenants are responsible for utilities and insurance, keeping owner operating overhead low.The on-site event center is the headline upside. The 2,700 SF venue features 340 person legal capacity, an in place liquor license, a $45,000 professional PA system, and a 2023 build out configured directly for the Colorado wedding market. Demand is already documented. A 2026 wedding is under contract with deposit received, and a recent live music event drew nearly 300 attendees with no regional marketing spend. Under an active operator structure with a hybrid base plus percentage lease, the venue closes the gap from approximately $245,000 in place NOI to approximately $292,000 stabilized.Positioned on Main Street with strong visibility and direct access to I-25 and Hwy 66, the property sits inside the Carbon Valley corridor, one of Northern Colorado's fastest growing submarkets between Denver and Fort Collins. The nearest comparable 300 plus capacity event venue with full liquor license is more than 25 minutes away.Fully renovated, 100% leased, with a clear and documented path to 8% cap. Full upside analysis and underwriting available to qualified buyers under CA.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
17,889 SF
Building Class
B
Year Built
1917
Price
$3,650,000
Price Per SF
$204.04
Cap Rate
8%
NOI
$292,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.41 AC
Zoning
EDU SVC
Amenities
- Conferencing Facility
- Fenced Lot
- Restaurant
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R4726686 | Improvements Assessment | $232,340 |
| Land Assessment | $12,820 | Total Assessment | $245,160 |
Property Taxes
Parcel Number
R4726686
Land Assessment
$12,820
Improvements Assessment
$232,340
Total Assessment
$245,160
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333-339 Main St