501 W Tomichi Ave - Restaurant FOR SALE


Gunnison, CO 81230
$2,700,000 USD
970-263-2948
501 W Tomichi Ave, Gunnison, CO for Sale
$2,700,000 USD
Restaurant - FOR SALE
1/19
null | 5% Cap Rate

501 W Tomichi Ave
Gunnison, CO 81230


HIGHLIGHTS

  • Partially covered patio with indoor/outdoor fireplace
  • Nicely paved drive through area
  • Large interior café
  • Ample parking
  • Easy access and visibility on Gunnison's main thoroughfare
  • Well-established and reliable Tenant with investment grade credit

OVERVIEW

Don't miss this chance to own a freestanding Starbucks with a drive-thru and partially covered patio in a prime location on Tomichi Avenue, Gunnison's main thoroughfare. The property features a modern design, ample off-street parking, and cozy indoor/outdoor fireplace. The café measures 2,624 square feet situated on 0.53 acres of land directly on the route between Gunnison Crested Butte Airport and Crested Butte Ski Resort. Starbucks rent commencement began in March of 2024 with a ten (10) year primary term (no early termination) and 10% escalators every five (5) years with four (4) five (5) year renewal options. Day-to-day operations run fairly smooth as they cater to many locals and vehicles that are simply "passing through". This Starbucks presents itself as a very nice pit-stop and acts as a great pick me up to bikers, hikers, and kayakers alike. With a great local school base much of the business goes to satisfy student cravings. This is a great chance to invest in a national brand with a loyal customer base and a proven track record of success.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$1,029 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks -- Gunnison CO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

Commercial

APN/PARCEL ID

378702102017

ASK ABOUT THIS PROPERTY

Sid SquirrellCache DevelopmentMore Info
970-263-2948

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Sid SquirrellCache DevelopmentMore Info
970-263-2948

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