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Restaurant

Black Rock Coffee

9111 E 40th Ave, Denver, CO 80238

Listing Price: $3,400,000

Cap Rate
5.00%
Tenant Name
Black Rock Coffee
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
1,480
Lease Type
Absolute Net
Rent Per Square Feet
$114.86

Investment Overview

Headquartered in Scottsdale, Arizona, Black Rock Coffee Bar (NASDAQ: BRCB) is a contemporary coffee chain with locations throughout the West Coast. Through their employee franchise program, employees have the opportunity to open their own locations, ensuring that Black Rock’s culture is maintained and consistent at each new location. Currently, there are over 200 locations open and in development throughout Oregon, Arizona, California, Washington, Idaho, Texas, and Colorado

Denver is the capital and most populous city of the state of Colorado, famous for its stunning mountain views and outdoor culture. The city is home to 740,000 residents and approximately 3.05 million residents across the broader metro region.

Investment Highlights

  • New 15-Year Absolute Triple-Net (NNN) Corporate Lease with Black Rock Coffee (NASDAQ: BRCB)
  • Black Rock Coffee is One of the Fastest-Growing Beverage Companies in the U.S
  • Black Rock Coffee Operates ±200 Locations Across Seven States, with an Aggressive National Expansion Plan to Reach 1,000 Stores by 2035
  • Households and Population Expected to Increase Over 10 Percent in the Surrounding Area in the Next Five Years
  • 12 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Daytime Population of 15,700-Plus Within a One-Mile Radius
  • Excellent Frontage Along Central Park Blvd (33,885 Vehicles Per Day) Providing Direct Access to the I-70 Freeway (259,600 Vehicles Per Day)
  • Situated in a Dense Retail Corridor Surrounded by National Tenants: QuikTrip, Wendy's, Cracker Barrel, Andy's Frozen Custard, and More

Broker of Record

  • Adam Lewis

    Senior Managing Director, Market Leader- Colorado/Idaho

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Restaurant

Black Rock Coffee

Listing Price: $3,400,000

Cap Rate
5.00%
Tenant Name
Black Rock Coffee
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
1,480
Lease Type
Absolute Net
Rent Per Square Feet
$114.86

Investment Highlights

  • New 15-Year Absolute Triple-Net (NNN) Corporate Lease with Black Rock Coffee (NASDAQ: BRCB)
  • Black Rock Coffee is One of the Fastest-Growing Beverage Companies in the U.S
  • Black Rock Coffee Operates ±200 Locations Across Seven States, with an Aggressive National Expansion Plan to Reach 1,000 Stores by 2035
  • Households and Population Expected to Increase Over 10 Percent in the Surrounding Area in the Next Five Years
  • 12 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Daytime Population of 15,700-Plus Within a One-Mile Radius
  • Excellent Frontage Along Central Park Blvd (33,885 Vehicles Per Day) Providing Direct Access to the I-70 Freeway (259,600 Vehicles Per Day)
  • Situated in a Dense Retail Corridor Surrounded by National Tenants: QuikTrip, Wendy's, Cracker Barrel, Andy's Frozen Custard, and More

Investment Overview

Headquartered in Scottsdale, Arizona, Black Rock Coffee Bar (NASDAQ: BRCB) is a contemporary coffee chain with locations throughout the West Coast. Through their employee franchise program, employees have the opportunity to open their own locations, ensuring that Black Rock’s culture is maintained and consistent at each new location. Currently, there are over 200 locations open and in development throughout Oregon, Arizona, California, Washington, Idaho, Texas, and Colorado Denver is the capital and most populous city of the state of Colorado, famous for its stunning mountain views and outdoor culture. The city is home to 740,000 residents and approximately 3.05 million residents across the broader metro region.

Broker of Record

  • Adam Lewis

    Senior Managing Director, Market Leader- Colorado/Idaho

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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