CASTLE ROCK, CO – [December 14, 2022] – Blue West Capital has completed the sale of a single tenant Buffalo Wild Wings ground lease property located at 4995 Factory Shops Boulevard in Castle Rock, Colorado for $2,525,000. Tom Ethington, of Blue West Capital, represented the 1031 exchange buyer, a Colorado-based high net worth individual. The seller was a California-based real estate investment company.
The 6,321 square foot Buffalo Wild Wings property benefits from excellent access and visibility from Factory Shops Boulevard, located just west of I-25 and Founders Parkway. Located in the heart of the Promenade at Castle Rock, this Buffalo Wild Wings sees high foot traffic counts from customers visiting the main outlets as well as all outparcels. The property features a long-term ground lease with scheduled rent increases, providing the owner with a hedge against inflation within the investment. The property is positioned in an affluent area with an average annual household income of $172,000 within three miles.
“Blue West Capital has designed a process to help buyers analyze multiple markets and net-lease investment properties compared to their specific 1031 exchange criteria. We stay involved from the start of the search to the close of the investment. Collaboration is key and we are excited to help our client get to the closing table on this great long term investment.”Tom Ethington, Managing Partner
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