Starbucks – Single-Tenant Corporate Ground Lease – Rare Absolute NNN

1760 Briargate Blvd, Colorado Springs, CO 80920
Price $1,295,200
Cap Rate 5.25%
NOI $68,000

For More Information

Spencer O’Donnell
714-400-6267

Property Description

INVESTMENT HIGHLIGHTS

  • Starbucks – Rare Absolute NNN Ground Lease – Corporate Guaranteed – Starbucks Corporation – (S&P Rated: “BBB+”) Investment Grade Credit

  • Excellent Credit Profile – Publicly Traded (NASDAQ: SBUX) – Over $110 Billion Market Cap

  • Unique Low Price-Point Starbucks – Currently Operates 38,000+ Stores Worldwide – 400,000+ Employees

  • Absolute NNN Lease – Zero Landlord Responsibilities – Coupon Clipper

  • 9% Rental Escalation in 2029 – 10% Rental Increases Every 5 Years Throughout Options (Four 5-Year Options

  • Located on Briargate Blvd next to N Academy Blvd Intersection (State Highway 83) – 44,256 VPD – Outparcel to Chapel Hills Mall

  • Next to Interstate-25 (133,000 VPD) – Premium Brand Recognition – Starbucks is the #1 most-visited coffee brand in the U.S.

  • Nearby Top-Tier Retailers: Whole Foods, Trader Joe’s, Lowe’s, REI, and In-N-Out Burger

  • Colorado Springs Growth Corridor – Home to 5 Military Installations, Top 10 US City of Quality of Life and Outdoor Recreation

  • 2nd Largest City in Colorado – Major Employers include US Air Force, Lockheed Martin, UCHealth, Amazon, FedEx, Northrop Gumman

Area Demographics