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
