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25515503
25515502

4750 Nome St, Denver, CO 80239

BK
CO CO FA100045203
Marcus & Millichap - Denver
JK
CO FA100075473
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver
$9,200,000
1158 days on market
Updated 87 days ago

4750-4760 Nome St

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 38,194
Cap Rate 10.83%
NOI $995,979
Occupancy 100%
Lease Type Absolute NNN
Remaining Term 4
Rent Bumps Yes
Lease Options Two - 5 Year Options
Price per SqFt $241
Year Built 1974
Acreage 1.580
Zoning I-A
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Single-Tenant Industrial | 10.83% CAP | 38,194 SF | Corporate Guarantee | NNN | Cannabis

Marketing description

The Kramer Group of Marcus & Millichap is pleased to present Medicine Man at 4750 Nome Street, Denver Colorado. Medicine Man was founded in 2009 with the goal of producing high quality and low-cost medical marijuana. After much success on the medical side, Medicine Man moved into the recreational side in 2014. They provide one of the largest varieties of marijuana strains in Colorado and solely sell their own cultivated product. Medicine Man was recently acquired by Columbia Care which is one of the largest and most experienced cultivators, manufacturers, and distributors of cannabis products in the United States. Columbia Care is a publicly traded company.

Investment highlights

  • Publicly Traded Corporate Guarantee

  • Absolute NNN Lease Structure

  • 2% Annual Escalations

  • Two - 5 Year Options

Listing Contacts

BK
CO CO FA100045203
Marcus & Millichap - Denver
JK
CO FA100075473
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$995,979.00
$82,998.25/mo

Valuation Metrics

0
DSCR
10.83%
Cap Rate
10.83%
ROI

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Additional Information

Name
Brandon Kramer
License
CO FA100045203
Brokerage
Marcus & Millichap
Title
Vice President
Brokerage Address
1144 15th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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