1525 US 50 Hwy - Fast Food FOR SALE


Pueblo, CO 81006
$2,525,000 USD
760-610-3147
1525 US 50 Hwy, Pueblo, CO for Sale
$2,525,000 USD
Fast Food - FOR SALE
1/4
null | 5.88% Cap Rate

1525 US 50 Hwy
Pueblo, CO 81006


HIGHLIGHTS

  • The Starbucks is a newly constructed drive-thru building.
  • New 10-year lease with 4 five-year options to extend with 10% rental increases every 5-years.
  • Minimal landlord responsibilities including roof and structure.

OVERVIEW

CBRE is pleased to offer the opportunity to acquire the fee simple interest in a single-tenant Starbucks asset located in north Pueblo, CO. The property is 100% leased to Starbucks Corporation (S&P BBB+) on a 10-year lease, with 4 years remaining and 4 five-year option periods. The lease features 10% annual rent increases, providing a stable and growing income stream for the investor. The property is a 2,400 SF drive-thru building situated on a 0.58 AC parcel, located in a high-traffic infill location with over 41,500 AADT at the intersection of US 50 and Ridge Dr. The lease terms are structured as a triple net lease, with minimal landlord responsibilities. The property was built in 2019 and is located in a high-growth market. The property is an outparcel to a grocery-anchored center anchored by Albertsons, and is adjacent to a Chic-Fil-A, providing synergy and driving traffic to the site. As a fee simple, depreciable asset, the property offers investors a unique opportunity to own a high-quality, single-tenant Starbucks property with a strong anchor tenant and a growing income stream. The 10% annual rent increases also provide a hedge against inflation, ensuring that the investor’s returns keep pace with rising costs. With a going-in capitalization rate of 5.6%, this investment opportunity offers a rare chance to acquire a valuable asset in a growing market.

FOR SALE DETAILS

PRICE

$2,525,000 USD

PRICE/SF

$1,102 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

B3:COMM

APN/PARCEL ID

514149005

ASK ABOUT THIS PROPERTY

760-610-3147

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760-610-3147

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