Coloardo Springs, CO - Starbucks

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed Starbucks investment property located in Colorado Springs, Colorado. The tenant, Starbucks Corporation, executed an 10-year lease expiring March, 2035 with 4 (5-year) options to extend, demonstrating its long-term commitment to the site. The lease features attractive 10% rental increases every 5 years throughout the initial term and option periods, providing steady NOI growth and a hedge against inflation. The property is leased on a NNN basis with limited landlord responsibilities, creating an attractive investment opportunity with durable income backed by one of the world’s most recognized retail brands.

The subject property is strategically positioned within the newly developed Crossroads mixed-use project near the intersection of US Highway 24 and Powers Boulevard, which collectively carry approximately 97,000 vehicles per day. Starbucks benefits from excellent visibility, direct access, and strong consumer traffic generated by surrounding national retailers including Circle K, Dutch Bros, Walmart, Walgreens, Carl’s Jr., and numerous additional retail, restaurant, and service users. The property is also adjacent to Peterson Space Force Base, a major regional employment center that generates approximately $2.6 billion in annual economic impact, supports more than 16,600 jobs, and contributes over $837 million in annual payroll. The 5-mile trade area is supported by more than 181,700 residents, 56,300 employees, and an average household income exceeding $91,900, providing a strong foundation for long-term tenant performance.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002y3JdYAI