1525 US-50 - Freestanding FOR SALE


Pueblo, CO 81008
$2,625,000 USD
760-610-3147
1525 US-50, Pueblo, CO for Sale
$2,625,000 USD
Freestanding - FOR SALE
1/6
null | 5.66% Cap Rate

1525 US-50
Pueblo, CO 81008


HIGHLIGHTS

  • Coveted Drive-Thru Coffee Tenant: Investment-grade tenant, rated “BBB+” by Standard’s & Poor
  • The Starbucks is a newly constructed drive-thru building located on the southern side of the shopping center fronting US 50 and Ridge Dr
  • Minimal landlord responsibilities including roof and structure
  • Strategically located in a high-traffic area with over 41,500 Average Annual Daily Trips (AADT) along US 50
  • Out parcel to a grocery-anchored center anchored by Albertsons and a Chic-Fil-A, providing synergy and driving traffic to the site
  • Located adjacent to other national retailers including Lowe’s and also in close proximity to the Pueblo Country Club

OVERVIEW

CBRE is pleased to offer the opportunity to acquire the fee simple interest in a single-tenant Starbucks asset located in north Pueblo, CO. The property is 100% leased to Starbucks Corporation (S&P BBB+) on a 10-year lease, with 4 years remaining and 4 five-year option periods. The lease features 10% annual rent increases, providing a stable and growing income stream for the investor. The property is a 2,400 SF drive-thru building situated on a 0.58 AC parcel, located in a high-traffic infill location with over 41,500 AADT at the intersection of US 50 and Ridge Dr. The lease terms are structured as a triple net lease, with minimal landlord responsibilities. The property was built in 2019 and is located in a high-growth market. The property is an outparcel to a grocery-anchored center anchored by Albertsons, and is adjacent to a Chic-Fil-A, providing synergy and driving traffic to the site. As a fee simple, depreciable asset, the property offers investors a unique opportunity to own a high-quality, single-tenant Starbucks property with a strong anchor tenant and a growing income stream. The 10% annual rent increases also provide a hedge against inflation, ensuring that the investor’s returns keep pace with rising costs. With a going-in capitalization rate of 5.6%, this investment opportunity offers a rare chance to acquire a valuable asset in a growing market.

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$1,193 USD /SF

CAP RATE

5.66%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

B-3

APN/PARCEL ID

0-5-14-1-49-005

ASK ABOUT THIS PROPERTY

760-610-3147

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760-610-3147

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