29 Copper Ct - Retail FOR SALE


Durango, CO 81301
$3,970,000 USD
970-263-2948
29 Copper Ct, Durango, CO for Sale
$3,970,000 USD
Retail - FOR SALE
1/9
null | 5% Cap Rate

29 Copper Ct
Durango, CO 81301


HIGHLIGHTS

  • Brand New Construction
  • Attractive Lease Terms
  • Strong Cash Flow
  • Ample Parking & Accessibility
  • Excellent Location Appeal

OVERVIEW

This beautifully constructed, single-tenant Starbucks sits on a meticulously landscaped 0.92-acre lot and features a modern 2,185 SF building with a full drive-thru, a covered outdoor patio seating area, and excellent visibility. The site is well-designed for both convenience and comfort, offering 35 well-lit off-street parking spaces, as well as sidewalks, curbs, and gutters that frame the property. Additional infrastructure includes a 1,500-gallon grease trap, supporting long-term foodservice operations. The property is fully leased to Starbucks Corporation, an investment-grade tenant with no early termination rights, offering secure and predictable income. The lease delivers a starting 5.00% cap rate, with an average 5.5% cap rate over the 10-year primary term, and annual net operating income (NOI) of $198,000.

FOR SALE DETAILS

PRICE

$3,970,000 USD

PRICE/SF

$2,138 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

-

APN/PARCEL ID

R438315

ASK ABOUT THIS PROPERTY

Sid SquirrellCache DevelopmentMore Info
970-263-2948

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Sid SquirrellCache DevelopmentMore Info
970-263-2948

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