New 10-Year Lease Guaranteed by Publicly Traded Company

Blue West Capital is pleased to exclusively offer for sale a single tenant net lease dispensary leased to Schwazze (Medicine Man Technologies, Inc.) in Fort Collins, CO. The lease is corporately guaranteed by a publicly traded company (OTCMKTS: SHWZ). The 10-year lease commenced in August 2023. The absolute triple net lease features no landlord responsibilities and 10% rental increases. Schwazze is an experienced and industry-leading operator with 33 dispensaries, 6 grow facilities, and 2 manufacturing plants. There is a limited number of dispensary licenses in Fort Collins with only 13 total.

Fort Collins is the 4th largest city in Colorado and home to Colorado State University (28,000 students). The property is in an affluent area with average annual household incomes of approximately $150,000 within one mile. The property is located along S College Avenue (35,000 VPD), the area’s primary north-south thoroughfare. The dispensary is in the immediate vicinity of Front Range Community College (10,000 students) and in a regional retail trade area that includes Walmart Supercenter, Sam’s Club, Target, The Home Depot, King Soopers, REI, Safeway, and The Shops at Foothills.