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New Starbucks| 10 Yr Lse | 10% Rent Increases

$3,009,000

2173 W Pueblo Blvd, Pueblo, CO 81004

Active
Last Updated: 09/07/2026

5.75

Cap Rate

173,000

NOI

Details:
Cap Rate:    5.75%
NOI:    $173,000
Building Size:    2,390 sqft
Lot Area:    1.1439 acres
Class:    B
Year Built:    2024
Highlights:
  • Long Term 10 Year Lease With Multiple Options to Extend
  • New Pad Building With Excellent Street Visibility Fronting Highly Travelled Pueblo (HWY 45) Blvd / - Near Interstate 25
  • Fixed (10%) Rent Increases Every 5 Years
  • Credit Income Stream From Investment Grade (BBB+ Rated) Starbucks Corporation
  • Newly Constructed, Prototypical Drive Thru Starbucks Building
  • Single Tenant NNN Lease - Ease of Management For Investor
Description:

COLORADO BROKER OF RECORD: EXP REALTY - LICENSE NO: 100095733
Faris Lee Investments is pleased to offer the fee-simple interest (land and building) in a newly constructed, freestanding Starbucks located in Pueblo, Colorado. This prime investment opportunity features brand-new construction and Starbucks’ latest drive-thru prototype, a highly desirable format designed to accommodate mobile ordering, drive-thru service, and delivery—channels that collectively account for more than 70% of the company’s revenue. Drive-thru locations reportedly generate approximately 50% more revenue than non-drive-thru stores, supporting strong unitlevel performance, operational efficiency, and intrinsic real estate value. The property is secured by a corporate 10-year NNN lease with multiple renewal options, providing long-term stability and security for the investor. The lease includes scheduled 10% rental increases every five years, providing a natural hedge against inflation, increasing the investor’s return on investment, and offering potential tax benefits through cost segregation and accelerated depreciation.
The tenant, Starbucks Corporation (NASDAQ: SBUX), is an investment-grade, BBB+-rated national credit tenant with exceptional financial standing, reporting June 2026 revenue $38.47 billion and operating more than 41,00 locations worldwide, including over 16,000 stores throughout the United States. With a market capitalization exceeding $122 billion as of September 2026, Starbucks is the world’s largest coffee retailer and one of the most valuable restaurant brands globally. Under the NNN lease structure, property-level expenses are passed through to the tenant, providing limited landlord responsibilities and ease of management. This hands-off structure makes the property an ideal vehicle for passive investors or 1031 exchange buyers seeking an immediate and dependable corporate income stream.

Strategically positioned as a high-profile, freestanding pad building within a major regional trade area, the property boasts excellent visibility fronting highly traveled Pueblo Boulevard (Highway 45),which carries more than 23,100 vehicles per day, and is located near Interstate 25, which carries more than 46,000 vehicles per day and serves as a critical north-south transportation corridor through Colorado. This premier asset serves Southern Colorado’s expansive regional trade area, drawing consumer traffic from surrounding communities such as Cañon City, Rockvale, Florence, Penrose, Greenwood, Wetmore, Colorado City, Fowler, Avondale, and Baxter. The property is located near prominent national retailers and restaurants, including Walmart, Safeway, Chipotle, McDonald’s, Taco Bell, Carl’s Jr., and Sonic. Pueblo is an affordable and established Southern Colorado community with an MSA population exceeding 169,000 residents and significant regional tourism generated by Lake Pueblo State Park, the Arkansas River, and Pueblo Reservoir, providing investors with the opportunity for secure, long-term returns.

The Pueblo MSA has a total population that exceeds 169,000 people. Strategically located between Colorado Springs and Albuquerque along main North/South Interstate 25.

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