21 Spectrum Loop - Fast Food FOR SALE


Colorado Springs, CO 80921- Northgate
$3,715,000 USD
602-206-0784
21 Spectrum Loop, Colorado Springs, CO for Sale
$3,715,000 USD
Fast Food - FOR SALE
1/4
null | 5.6% Cap Rate

21 Spectrum Loop
Colorado Springs, CO 80921
Northgate


HIGHLIGHTS

  • Located in Polaris Pointe (±200-Acre Mixed-Use District)
  • Publicly Traded: NASDAQ: SBUX (±41,129 Stores)
  • S&P Credit Rating BBB+

OVERVIEW

CBRE’s Net Lease Property Group is pleased to offer for sale a single-tenant Starbucks drive-thru investment opportunity in Colorado Springs, CO. The opportunity features a new ±10-year net lease with ±9 years remaining and 10% rental increases every 5 years. Starbucks (NASDAQ: SBUX), the world’s largest coffeehouse company, has an investment-grade S&P credit rating of BBB+ and operates ±41,129 stores globally. The Property is located at Polaris Pointe, a ±200-acre mixed-use district anchored by the ±8,000 seat Ford Amphitheater, Bass Pro Shops, Top Golf, over 1,200 multi-family units, ±60 businesses, and a ±375-room hotel, with more coming soon. The Ford Amphitheater was ranked as the 4th best outdoor music venue in the U.S. by USA today and targets 50-60 shows per summer, with an expected annual economic impact of over $1 billion in the next decade. The Property has frontage and visibility along Voyager Pkwy and Spectrum Loop and is just off I-25 (±111,000 VPD). The Property will benefit from the Powers Blvd Extension, a major project connecting Powers Blvd and Highway 83 (CO-83) to the I-25 at Voyager Pkwy, directly serving the Property. The Classical Academy (±2,893 students) and Discovery Canyon High School (±1,048 students) are within ±5 minutes. The Air Force Academy (±4,000 students) and Falcon Stadium (±500,000 annual visitors & ±46,692 seats) are ±10 minutes west. This location boasts an affluent average household income of ±$188,252 and a population of ±72,259 in a 5-mile radius (Source: Esri).

FOR SALE DETAILS

PRICE

$3,715,000 USD

PRICE/SF

$1,606 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks Drive-Thru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

PUD HR

APN/PARCEL ID

62071-12-005

ASK ABOUT THIS PROPERTY

Ben FarthingCBREMore Info
602-206-0784

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Ben FarthingCBREMore Info
602-206-0784

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.