Star Buds | Schwazze

5740 South College Avenue, Fort Collins, CO 80525

$2,172,225

Cap Rate 9.00%

Views: 216 DOM: 371 Updated: 11.02.24 Posted: 12.17.23 Status: Active

Summary

Price $2,172,225	Built/Renov 1986/2023	Tenant Star Buds \| Schwazze
Cap Rate 9.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 4,861	Lease Start 08-19-2023	#Units 31
Price/SF $446.87	Expiration 06-19-2033	Tenant Type Medical/Health
NOI $195,500	R. Term 8.6	Ownership Fee Simple
Rent/SF $40.22	Increases 10.0%/5/yrs	Pop 5Mi 152,786
Lot/AC 0.36	Options 3/5yrs/10%	AHHI 5Mi $114,623

Lease Highlights

Star Buds recently executed a brand new 10-year lease with 3 (5-year) options to extend
Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Star Buds | Schwazze is strategically located on S College Avenue, the primary north-south thoroughfare in the area, with 35,000 vehicles passing by daily. Situated roughly four miles south of Colorado State University (28,000 students), the property benefits from its close proximity to well-known national retailers including Walmart Supercenter, Sam’s Club, Target, The Home Depot, King...

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Key Features

Recent renovation
Dense retail corridor
Strategically located
University college close
Strong demographics
Major MSA
Brand new lease
Absolute NNN
Corporate Guarantee
Publicly traded company

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Links

Star Buds Wikipedia Fort Collins, Colorado Zip Code 80525 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Star Buds Dispensary | Schwazze
Guarantor:Corp Traded
Company:Schwazze
# Units:31
Stock: OTC: SHWZ

About Tenant

Star Buds is a dispensary chain which provides patients and customers a selection of best-in-class cannabis products and services. Their dispensaries offer loose flower, concentrates, edibles,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,890	67,438	155,822
2023 Total Population :	5,877	66,100	152,786
2023 Employed Civilian Pop :	3,208	37,058	84,996
2023 Total Businesses :	316	2,496	5,350
2023 Average Household Income :	$ 148,345	$ 126,855	$ 114,623
2023 Total Consumer Spending :	$ 290 M	$ 2943 M	$ 6013 M
2023 Median Age :	42	37	33
2023 Total Households :	2,312	27,158	61,045
2023 Pop Age 25+: Bachelor's Degree :	1,246	15,427	32,180
2023 Average Home Value :	$ 628,277	$ 569,416	$ 564,912

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South College Avenue	Saturn Dr	2020	31,000	0.15 mi
S College Ave	W Crestridge Dr	2017	35,000	0.20 mi
S College Ave	E Skyway Dr	2018	30,040	0.28 mi
E Skyway Dr	Aran St	2018	1,680	0.33 mi
W Skyway Dr	Mars Dr	2018	1,710	0.34 mi
S College Ave	E Skyway Dr	2018	29,670	0.37 mi
Fossil Creek Parkway	Huntington Hills Dr	2022	2,128	0.46 mi
S College Ave	Cameron Dr	2018	32,650	0.50 mi
Fossil Creek Pkwy	E Saturn Dr	2011	2,137	0.52 mi
Fossil Creek Pkwy	Huntington Hills Dr	2013	2,187	0.52 mi

Listing Broker

Brandon Wright

The Boulder Group (Denver)

Contact

16 Listings
1842 Views
8 Sold

Zach Wright

The Boulder Group (Denver)

Contact

17 Listings
1999 Views
8 Sold

Brandon Wright

Brandon Wright is a Listing Broker/Agent, Landlord Broker/Agent with The Boulder Group - Denver. Brandon has transacted 464K square feet with a value around 79M. Currently, Brandon has 8 listings available in Casey, Brownstown, Broomfield, Brighton, and Aurora.

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Zach Wright

Zach Wright is a Vice President and Head of the Denver office of The Boulder Group. Zach specializes on the sale of net leased investment properties located nationally, with a focus on the Rocky Mountain and Midwest states. The key to Zach’s success is his work ethic and drive to constantly improve ways in which he can create value for his clients. Through a vast network built upon strong relationships and a honest reputation, Zach is able to successfully assist clients with the acquisition and

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