1835 W 120th Ave - Freestanding FOR SALE


Westminster, CO 80234
$2,363,637 USD
918-794-9554
1835 W 120th Ave, Westminster, CO for Sale
$2,363,637 USD
Freestanding - FOR SALE
1/6
null | 5.5% Cap Rate

1835 W 120th Ave
Westminster, CO 80234


HIGHLIGHTS

  • Rare Denver MSA Offering
  • Investment Grade Corporate Guaranty
  • New Construction Drive-Thru QSR
  • Long-Term, Passive Lease
  • Critical Corporate and Commercial Trade Area
  • Excellent Demographics and Growth Trends

OVERVIEW

Northmarq Commercial, on behalf of ownership as its exclusive advisor, is pleased to present the opportunity to acquire the fee simple ownership interest in the Starbucks property located at 1835 W 120th Ave in Westminster, CO (“Property”). The Property is subject to a 10-year lease by Starbucks Corporation (“Tenant”), the multinational coffee company with an investment grade credit rating of BBB+/Stable by S&P Global Ratings. Completed in 2022, the Property comprises a 2,162 square foot building with drive-thru accessibility and outdoor seating on 0.92 acres. The Property is positioned with direct frontage to W 120th Ave (41,184 VPD) and features direct access to Interstate 25 (158,391 VPD). The surrounding area contains an exceptionally dense and affluent customer base of 316,094 residents earning an average household income of $135,008 annually. The Lease provides 100% reimbursement for all Operating Expenses and 10% rental increases at Year 6 and each of the four (4), five (5) year renewal options. The Offering comprises the rare opportunity to acquire long-term NNN leased real estate, backed by an investment grade tenant, within the coveted Denver MSA.

FOR SALE DETAILS

PRICE

$2,363,637 USD

PRICE/SF

$1,093 USD /SF

CAP RATE

5.5%

% 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

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

Westminster

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Toby ScrivnerNorthmarqMore Info
918-794-9554

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Toby ScrivnerNorthmarqMore Info
918-794-9554

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.