For Sale

Starbucks | Lakewood, CO

Asking Price: $1,770,000 | Cap Rate: 5.5%

  • Net Operating Income: $97,612
  • Weighted Avg. Lease Term (WALT): 10.5 Years
  • Lease Type: Net

Property Highlights

  • Brand-New 10-Year Lease Extension; Starbucks recently exercised a 10-year lease extension early showing their commitment to the site
  • Investment-Grade Tenant; Corporate guarantee from credit tenant (S&P: BBB+) that generated $36B in revenue in 2023
  • Replaceable Rent; Tenant is paying below typical rent compared to other free-standing Starbucks’ throughout Colorado
  • Hedge Against Inflation; Lease provides a strong hedge against inflation with 10% rental increases every 5 years and (4) 5-year options