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Black Rock Coffee Bar

$3,429,000

2096 Colorado Boulevard, Denver, CO 80222

Active
Last Updated: 10/12/2026

5.25

Cap Rate

180,000

NOI

Details:
Cap Rate:    5.25%
NOI:    $180,000
Building Size:    3,013 sqft
Lot Area:    0.71 acres
Occupancy:    100%
Lease Type:    Absolute Net
Tenancy:    Single
Year Last Renovated:    2025
Highlights:
  • Long-Term Lease: 15-year absolute net lease featuring 10% rental increases every 5 years
  • Corporate Backing: Lease is signed by Black Rock Store Operations LLC, an operating subsidiary of publicly traded Black Rock Coffee Bar, Inc. (see below)
  • Larger Building Format: 3,013 SF building size maximizes backfill optionality
  • Ideal Positioning: Located at the heavily trafficked (72,000+ VPD), signalized hard corner intersection of Colorado Boulevard and E Evans Avenue
  • Strong Sales: Black Rock (NASDAQ: BRCB) reported revenues of $200.3 million in FY 2025, a ~25% increase over the previous year
  • Unit-Level Performance: 10.1% same-store sales growth in FY 2025
  • Explosive Growth: Opened 32 new locations in 2025 and continues to target aggressive nationwide expansion
  • Expansive Portfolio: 200+ company owned/operated locations across 7 states
  • Extremely Affluent Demographics: $147-166K average household incomes within a 1, 3, and 5-mile radius of the subject property
  • Major Demand Generator: Adjacent Colorado Center is a premier mixed-use, transit-oriented campus featuring approximately 733,000 SF of Class A/AA office space, 50+ businesses and more than 2,000 employees with direct light-rail connectivity via Colorado Station (see Page 17)
  • Dense Retail Corridor: Prominent & proximal national tenants along Colorado Boulevard include Target, Best Buy, Sprouts, King Soopers, Natural Grocers, and more
Description:

Recently renovated, large format Black Rock Coffee Bar building (3,013 SF) with drive-thru, ideally located at a heavily trafficked (72,000+ VPD), signalized hard corner intersection. Over 14 years remaining on this absolute net corporate Black Rock lease featuring 10% rental increases every 5 years throughout the base term and options. The subject property is ideally located at the signalized hard corner intersection of Colorado Boulevard and E Evans Avenue, situated directly in front of the Colorado Center – a premier mixed-use, transit-oriented campus featuring approximately 733,000 SF of Class A/AA office space, 50+ businesses and more than 2,000 employees, along with numerous dining and entertainment amenities (see Page 17).

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Documents:
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BlackRockCoffeeBar_DenverCO.pdf
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