Commerce City (Denver MSA), CO
Price: $3,412,000
Cap Rate: 4.25%
Status: UNDER CONTRACT

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Blue West Capital is pleased to present the sale of 4850 E 60th Avenue, a 2,340 SF building occupied by Starbucks located in Commerce City (Denver MSA), Colorado. The property is 100% leased to nationally recognized Starbucks Corporation.

  • Located within the Denver MSA, seven miles north of downtown Denver 
  • Long-term lease with approximately 18.5 years remaining
  • Starbucks in an investment grade rated tenant (S&P: BBB+)
  • Recent major renovation (2020)
  • Minimal landlord responsibilities
  • Scheduled rental increases in the primary term and options
  • Located on the heavily trafficked signalized intersection of Vasquez Blvd & 60th Ave
  • Large monument sign with superior visibility
  • Just north of Interstate 270 (103,000 VPD)
  • Nearest Starbucks location is 3 miles away 
  • Starbucks Corporation (NASAQ: SBUX) is the world’s largest premier coffee company, with over 32,000 locations and $29 billion in annual revenue
  • 3 miles west of Dick’s Sporting Goods Park which is home to Major League Soccer’s Colorado Rapids
  • 18 miles west of the Denver International Airport, the 3rd busiest airport in the world in 2021
  • Retailers in the immediate corridor include King Sooper’s, Walmart, McDonald’s, Taco Bell, Wendy’s, KFC, Chipotle, Arby’s and many others

OFFERING SUMMARY

Price: $3,412,000
Cap Rate: 4.25%

Building Size: 2,340 SF
Occupancy:
100%

INVESTMENT CONTACT

BRANDON GAYESKI
Associate Director
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

ROBERT EDWARDS
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com

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2022-04-18T11:06:17-07:00
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