Available

Available

Starbucks

Grand Junction, CO 81501

Price

$4,220,000

Cap Rate: 5.25%

Download OM arrow_downward

Located in the Brand New Dos Rios Master-Planned Community

Blue West Capital is pleased to offer for sale a single-tenant Starbucks located within the brand-new “Dos Rios” master-planned community in Grand Junction, CO.

Starbucks will operate on a long-term double-net (NN) lease offering stable income with limited landlord responsibilities. The lease features above market 10% rental increases every five years throughout the primary term and four, five-year options. Starbucks’ built-to-suit design features a wrap-around drive-thru and expansive patio space on its oversized 1.36-acre parcel.

Dos Rios is uniquely positioned between Downtown Grand Junction and the Colorado River and riverfront trail system. The Dos Rios development spans across 58 acres at the Confluence of the Colorado and Gunnison Rivers. Once fully developed, Dos Rios will feature 20,000 square feet of retail, 20,000 of non-profit office space with a preschool, 140+ townhomes, 230+ multifamily units, 70+ condo units, 150+ key hotel and 15 acres of parks and open space. Grand Junction is the largest city in western Colorado with over 70,000 residents and year-round tourism due to its temperate climate, economic opportunity, and endless outdoor recreation activities.

Investment Highlights

  • New 10-year lease in addition to four, 5-year options
  • Built-to-suit construction on an oversized 1.36-acre parcel
  • Double-Net (NN) lease offering limited landlord responsibilities
  • Scheduled 10% rental increases every five years
  • Corporate guarantee from Starbucks (S&P: BBB+)

Location Highlights

  • Positioned in the new 58-acre Dos Rios master-planned community
  • Over 460+ residential units and a 200+-key hotel planned or under construction
  • 35,000 SF of additional retail driving consumers to the location
  • Grand Junction is the largest city in western Colorado (70,000+ residents)
  • Population to grow 1.88% annually over next five years within one mile

We are ready to assist you.

Let's Connect arrow_forward

Close

Enter Your Information To Request The Offering Memorandum

Industry Role
Close

We are ready to assist you.

Please fill out the form and we will be in touch shortly.

By providing a telephone number and submitting the form you are consenting to be contacted by SMS text message. If you wish to initiate inbound SMS text messages, please contact your individual broker for their direct number. Message and data rates may apply. Reply STOP to opt out of further messaging. Blue West Capital, LLC may use text messaging for client communications only and does not use text messaging for marketing or promotional matters. Please see Privacy Policy for further information.

Contact Information

650 S Cherry St | Suite 920
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031