11.25-Yr Abs NNN Lease
Blue West Capital is pleased to offer for sale the Igadi Cannabis Dispensary in Lyons, CO.
Completed as a build-to-suit in 2021, the 1,904-square-foot retail building is the only freestanding cannabis dispensary in town and has seen strong recent visitation trends (+9.8% YoY, +21.4% Yo2Y, and +42.2% Yo3Y).*
The offering features 11.25 years remaining on an absolute triple-net (NNN) lease with a corporate guaranty from Igadi, Ltd., which was founded in 2015 and operates eight dispensaries throughout Colorado.
The property is positioned along Ute Hwy (16,000 VPD), the primary route through the Town of Lyons. Lyons is located ~15 miles north of Boulder and is the gateway to Estes Park and Rocky Mountain National Park (4M annual visitors). The surrounding area boasts affluent demographics with average household incomes exceeding $202,000 within three miles.
*Placer.ai
