Available

Starbucks at Smoky Hill Town Center

20201 E Smoky Hill Road | Centennial, CO 80015

Price

$2,667,000

Cap Rate: 4.50%

Lead Broker

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Brand new construction

Blue West Capital is pleased to exclusively offer for sale a net lease Starbucks located in Centennial, Colorado. Starbucks has a long-term 10-year lease with 7.5% rental increases every five years in the primary term and renewal options. Starbucks is an investment grade tenant (S&P: BBB+).

The property is located within the Denver MSA in an affluent suburb with average annual household incomes of $170,000 within one mile. Starbucks is located in a dense infill location and has barriers to entry with over 120,000 people living within three miles of the property. Nearby national retailers include McDonald's, King Soopers, Walmart, Sprouts Farmers Market, First Bank, Key Bank, Pizza Hut and Slim Chickens.

Investment Highlights

  • Long term 10-year lease
  • Brand new construction (2022)
  • 7.5% rental increases every five years in the primary term and renewal options
  • NNN lease allows for limited landlord responsibility and passive ownership
  • Starbucks is an investment grade tenant (S&P: BBB+)
  • Large 1.27-acre parcel eliminates parking and traffic issues within the drive-thru while also allowing for almost any single tenant use in the future
  • Nearest Starbucks location is 2 miles away
  • 17.1% of all customers shopping at Smoky Hill Town Center will visit this Starbucks either on their way in or way out of the center, showing the synergy between Starbucks and all neighboring tenants*
  • Starbucks is the world’s leading coffee brand with over 35,000 locations

Location Highlights

  • Located within the Denver MSA in an affluent suburb
  • Dense infill location and barriers to entry with over 120,000 people living within three miles of the subject property
  • Affluent area with average annual household incomes of $170,000 within one mile
  • High traffic counts along E Smoky Hill Rd (39,134 VPD) and S Himalaya St (22,000 VPD)
  • Nearby national retailers include McDonald’s, King Soopers, Walmart, Sprouts Farmers Market, First Bank, Key Bank, Pizza Hut, and Slim Chickens

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031