DENVER, CO – [April 20, 2026] – Blue West Capital is pleased to announce the successful sale of a single-tenant LivWell Cannabis Dispensary located at 1401 Peoria St, Aurora, CO 80011. The property sold for $1,025,000, representing an 8.87% cap rate. This marks the lowest cap rate for a cannabis dispensary sold in Colorado since 2022 (CoStar).
The 2,767-square-foot property is positioned just south of the intersection of E Colfax Ave (42,500 VPD) and N Peoria St (25,550 VPD), offering excellent visibility and bi-directional access from N Peoria St.
LivWell recently extended its lease for an additional four years on an absolute triple-net (NNN) structure, offering an extremely passive ownership profile. The lease features rare 4.0% annual rent increases throughout the remaining term, along with two, three-year options. LivWell currently operates 17 dispensaries across Colorado. LivWell’s parent company, PharmaCann, has recently entered into a $49M agreement with Vireo Growth Inc. to acquire the business operations of 17 dispensaries across Colorado, expanding its footprint to 41 locations in the state.
Blue West Capital’s Noah Harrison, Tom Ethington, and Robert Edwards represented the seller, a Colorado-based investment company, in this off-market transaction.
Cannabis properties remain attractive opportunities for investors seeking above-market returns on single-tenant assets. Our team sourced an off-market buyer seeking a stable investment with a cap rate above comparable single-tenant retail assets. LivWell has operated at this location for 10+ years, and the recent lease extension reinforces their long-term commitment to the site.
Noah Harrison, Associate
Aurora, CO, the third-largest city in the state, sits just ten miles east of Downtown Denver and has a population of nearly 400,000. The property is conveniently located just off E Colfax Ave, one of the longest commercial corridors in the U.S., providing access across the Denver metro. Nearby multifamily developments include Edge Point Apartments, Lumien, the under-construction Fitzsimons Gateway (210 units), and Colfax and Peoria Apartments. The UCHealth Anschutz campus, located across E Colfax Ave, is a leading healthcare provider in the region and has over 4,750 students enrolled.
PR Contact
Noah Harrison
(720) 464-7488
Noah@BlueWestCapital.com
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