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1705 Wadsworth Blvd
Lakewood, CO 80214
Retail Property For Sale
Investment Highlights
- Tenant will execute brand new 15-year absolute NNN ground lease at close of escrow.
- Zero landlord responsibilities – ideal for passive, long-term investors.
- Brand-new construction and location, opening Q2 2026.
- Includes three (3) five-year renewal options with 10% increases every 5 years.
- Guaranteed by ClayCon Oil, a 25+ unit Take 5 operator named 2023 Take 5 Franchisee of the Year.
- High-traffic Wadsworth Blvd frontage with 52,000+ vehicles per day and 405,000+ residents within five miles.
Executive Summary
Blue West Capital and Cushman & Wakefield present the opportunity to acquire a brand-new ground lease with Take 5 Oil Change at 1705 Wadsworth Blvd in Lakewood, Colorado, within the Denver MSA. At closing, the tenant will execute a new 15-year absolute NNN ground lease with three (3) five-year renewal options.
The lease features 10% rent increases every five years and zero landlord responsibilities, offering truly passive ownership. Guaranteed by ClayCon Oil, a 25+ unit Take 5 franchisee and the brand’s 2023 Franchisee of the Year, the lease underscores operational strength and alignment with one of the fastest-growing automotive service platforms in the country.
Strategically positioned along Wadsworth Blvd, a primary north/south arterial carrying over 52,000 vehicles per day, the property benefits from excellent visibility, signalized access, and strong surrounding retail density. Minutes from Sloan’s Lake, 6th Avenue, and Downtown Denver, the site is surrounded by national retailers including Target, Walmart, King Soopers, and numerous daily-needs anchors.
The 5-mile trade area includes over 407,000 residents with an average household income exceeding $128,000, supported by dense infill housing, strong daytime employment, and continued Denver metro growth.
The lease features 10% rent increases every five years and zero landlord responsibilities, offering truly passive ownership. Guaranteed by ClayCon Oil, a 25+ unit Take 5 franchisee and the brand’s 2023 Franchisee of the Year, the lease underscores operational strength and alignment with one of the fastest-growing automotive service platforms in the country.
Strategically positioned along Wadsworth Blvd, a primary north/south arterial carrying over 52,000 vehicles per day, the property benefits from excellent visibility, signalized access, and strong surrounding retail density. Minutes from Sloan’s Lake, 6th Avenue, and Downtown Denver, the site is surrounded by national retailers including Target, Walmart, King Soopers, and numerous daily-needs anchors.
The 5-mile trade area includes over 407,000 residents with an average household income exceeding $128,000, supported by dense infill housing, strong daytime employment, and continued Denver metro growth.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
1,784 SF
Building Class
B
Year Built
1966
Price
$3,137,994 CAD
Price Per SF
$1,758.97 CAD
Cap Rate
5.65%
NOI
$177,297 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.44 AC
Zoning
Commercial
Parking
6 Spaces (3.36 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 39-353-04-007 | Improvements Assessment | $63,608 CAD |
| Land Assessment | $173,492 CAD | Total Assessment | $237,100 CAD |
Property Taxes
Parcel Number
39-353-04-007
Land Assessment
$173,492 CAD
Improvements Assessment
$63,608 CAD
Total Assessment
$237,100 CAD
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