Starbucks Dive-Thru Lakewood, CO
2,015 SF | Retail Building | Lakewood, CO 80215 | $3,725,000 ($1,849/SF) | 5.10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,725,000
- Property Type
-
Retail
- Square Feet
- 2,015 SF
- Price / Square Foot
- $1,849
Listing Contacts
Ben Farthing
Verified Profile
Joseph Compagno
Verified Profile
Owen Littrell
Verified Profile
- Property Info
Property Overview
-Single-tenant Starbucks investment opportunity, offering a brand-new 10-year lease with four (4), five (5) year renewal options. Starbucks is tracking to open this location in September 2024.
-Starbucks has an investment-grade S&P credit rating of BBB+ and operates 38,900 stores globally (Source: Starbucks.com).
-This is the first double drive-thru location for Starbucks in Colorado, which will support strong sales volume at this location.
-The Property is located at the intersection of Kipling St & W Colfax Ave, two primary thoroughfares in Lakewood with 54,000 VPD (Source: OTIS).
-The Property is well-positioned to capture the busy morning traffic by being located on the southside of W Colfax Ave, one of the main routes into downtown Denver.
-Colorado Christian University (±10,149 students) and Lakewood High School (±1,885 students) are located ±5 minutes from the Property.
-The Denver Federal Center, a ±4M SF / ±670-acre office campus with ±6,000 employees, is located ±6 minutes from the Property.
-Common Spirit St. Anthony Hospital, a full-service, acute care hospital with ±1,231 medical staff and ±237 beds, is located ±3 miles from the Property.
-Colorado Mills, Denver Metro Area’s only indoor Outlet Mall with over 160 retailers, is located ±3 miles from the Property.
- This location boasts strong demographics in the immediate area with a population of 112,258 and an average household income of $117,989 in a 3-mile radius (Source: Esri).
-Starbucks has an investment-grade S&P credit rating of BBB+ and operates 38,900 stores globally (Source: Starbucks.com).
-This is the first double drive-thru location for Starbucks in Colorado, which will support strong sales volume at this location.
-The Property is located at the intersection of Kipling St & W Colfax Ave, two primary thoroughfares in Lakewood with 54,000 VPD (Source: OTIS).
-The Property is well-positioned to capture the busy morning traffic by being located on the southside of W Colfax Ave, one of the main routes into downtown Denver.
-Colorado Christian University (±10,149 students) and Lakewood High School (±1,885 students) are located ±5 minutes from the Property.
-The Denver Federal Center, a ±4M SF / ±670-acre office campus with ±6,000 employees, is located ±6 minutes from the Property.
-Common Spirit St. Anthony Hospital, a full-service, acute care hospital with ±1,231 medical staff and ±237 beds, is located ±3 miles from the Property.
-Colorado Mills, Denver Metro Area’s only indoor Outlet Mall with over 160 retailers, is located ±3 miles from the Property.
- This location boasts strong demographics in the immediate area with a population of 112,258 and an average household income of $117,989 in a 3-mile radius (Source: Esri).
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 26,572 SF
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