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Restaurant

Starbucks Drive-Thru | Colorado Springs | Signalized Hard Corner Location | Pad to Shopping Center

1762 Briargate Blvd, Colorado Springs, CO 80920

Listing Price: $1,181,818

Cap Rate
5.50%
Tenant Name
Starbucks
Years Remaining On Lease
2.7
Gross SF
447
Guarantor
Corporate Guarantee
Rentable SF
447
Price/Gross SF
$2,643.89
Lease Type
NNN Ground Lease
Rent Per Square Feet
$145.41

Investment Overview

The City of Colorado Springs is the Home Rule Municipality that is the county seat and the most populous municipality of El Paso County, Colorado. Colorado Springs is the second most populous city and the most extensive city in the State of Colorado. It is the principal city of the Colorado Springs, CO Metropolitan Statistical Area and is the second most prominent city of the Front Range Urban Corridor. It is located in east central Colorado, on Fountain Creek, 70 miles south of Denver. The United States Air Force Academy opened just north of Colorado Springs in 1958. The city is home to 24 national sports governing bodies, including the United States Olympic Committee, the United States Olympic Training Center, USA Swimming, and USA Hockey. In 2020, Colorado Springs ranked #13 on the New York Times 52 Places to Go list and #10 in TripAdvisor’s Top 25 Trending Destinations. In 2017 and 2018, Colorado Springs received several accolades. In 2018 U.S. News named it the most desirable place to live in the United States. The previous year, Colorado Springs placed second on U.S. News’s list of the 125 Best Places to Live in the USA. The Metropolitan Policy Program at Brookings found that Colorado Springs was the fastest-growing city for millennials. Thumbtack’s annual Small Business Friendliness Survey found Colorado Springs to be the fourth most business-friendly city in the country.

Investment Highlights

  • Starbucks New Reclamation Drive-Thru Concept Location - Lease Features 10% Rental Increases at Each Option.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Daily Traffic Counts Exceeding 21k Vehicles.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $23.51 Billion.
  • Densely Populated and Affluent Area: Features an Average Household Income of $109k+ within a 3-Mile Radius and more than 200k People Residing within a 5-Mile Radius.
  • Pad to Chapel Hills Mall - 90+ Store, 562k+ Sq.Ft. Mixed Use Shopping Center Anchored by Dick's Sporting Goods, Dillard's & Macy's with Future 300 Unit High-End Apartment Complex Replacing the Former Sears.
  • Walking Distance from Chapel Hills East - a 544k+ Sq.Ft. Power Center featuring National Retailers including Best Buy, Whole Foods Market, Burlington, Ross, PetSmart, Michaels and many more.
  • Near Numerous National Retailers including a Walmart Supercenter, The Home Depot, Sam's Club, Hobby Lobby, Natural Grocers, King Soopers, REI and many more. Minutes from UCHealth Memorial Hospital North - a Four-Story, 100+ Bed Hospital & Medical Center. Currently Undergoing $128 Million Expansion Project.
  • In Close Proximity to United States Air Force Academy Airfield. Features a Staff & Student Population of Approximately 5k People.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Restaurant

Starbucks Drive-Thru | Colorado Springs | Signalized Hard Corner Location | Pad to Shopping Center

Listing Price: $1,181,818

Cap Rate
5.50%
Tenant Name
Starbucks
Years Remaining On Lease
2.7
Gross SF
447
Guarantor
Corporate Guarantee
Rentable SF
447
Price/Gross SF
$2,643.89
Lease Type
NNN Ground Lease
Rent Per Square Feet
$145.41

Investment Highlights

  • Starbucks New Reclamation Drive-Thru Concept Location - Lease Features 10% Rental Increases at Each Option.
  • Positioned Along Area's Major Traffic & Retail Corridor. Features Easy Access and Excellent Visibility at a Signalized Hard Corner with Daily Traffic Counts Exceeding 21k Vehicles.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $23.51 Billion.
  • Densely Populated and Affluent Area: Features an Average Household Income of $109k+ within a 3-Mile Radius and more than 200k People Residing within a 5-Mile Radius.
  • Pad to Chapel Hills Mall - 90+ Store, 562k+ Sq.Ft. Mixed Use Shopping Center Anchored by Dick's Sporting Goods, Dillard's & Macy's with Future 300 Unit High-End Apartment Complex Replacing the Former Sears.
  • Walking Distance from Chapel Hills East - a 544k+ Sq.Ft. Power Center featuring National Retailers including Best Buy, Whole Foods Market, Burlington, Ross, PetSmart, Michaels and many more.
  • Near Numerous National Retailers including a Walmart Supercenter, The Home Depot, Sam's Club, Hobby Lobby, Natural Grocers, King Soopers, REI and many more. Minutes from UCHealth Memorial Hospital North - a Four-Story, 100+ Bed Hospital & Medical Center. Currently Undergoing $128 Million Expansion Project.
  • In Close Proximity to United States Air Force Academy Airfield. Features a Staff & Student Population of Approximately 5k People.

Investment Overview

The City of Colorado Springs is the Home Rule Municipality that is the county seat and the most populous municipality of El Paso County, Colorado. Colorado Springs is the second most populous city and the most extensive city in the State of Colorado. It is the principal city of the Colorado Springs, CO Metropolitan Statistical Area and is the second most prominent city of the Front Range Urban Corridor. It is located in east central Colorado, on Fountain Creek, 70 miles south of Denver. The United States Air Force Academy opened just north of Colorado Springs in 1958. The city is home to 24 national sports governing bodies, including the United States Olympic Committee, the United States Olympic Training Center, USA Swimming, and USA Hockey. In 2020, Colorado Springs ranked #13 on the New York Times 52 Places to Go list and #10 in TripAdvisor’s Top 25 Trending Destinations. In 2017 and 2018, Colorado Springs received several accolades. In 2018 U.S. News named it the most desirable place to live in the United States. The previous year, Colorado Springs placed second on U.S. News’s list of the 125 Best Places to Live in the USA. The Metropolitan Policy Program at Brookings found that Colorado Springs was the fastest-growing city for millennials. Thumbtack’s annual Small Business Friendliness Survey found Colorado Springs to be the fourth most business-friendly city in the country.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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