Local Investor Acquires Retail Property Leased To Star Buds In Fort Collins For $1.9M

A retail property located at 5740 South College Avenue in Fort Collins, CO, was sold for $1,900,000. The asset spans 4,861 square feet, equating to a price per square foot of $391. The property is currently leased to Star Buds through a long-term, triple-net lease backed by Medicine Man Technologies, a publicly traded company operating as Schwazze.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,900,000
• Sale Date: 12/04/2024
• Market: Fort Collins, CO
• Square Footage: 4,861
• Price Per Square Foot: $391
• Seller: Midwest-based
• Buyer: Local investor

The transaction was brokered by Brandon Wright and Zach Wright of The Boulder Group, representing the seller in the deal.