7331 US-24 Hwy - Freestanding FOR SALE


Colorado Springs, CO 80915- Cimarron Hills
$2,684,000 USD
858-603-8436
7331 US-24 Hwy, Colorado Springs, CO for Sale
$2,684,000 USD
Freestanding - FOR SALE
1/9
null | 5.5% Cap Rate

7331 US-24 Hwy
Colorado Springs, CO 80915
Cimarron Hills


HIGHLIGHTS

  • Peterson Space Force Base | Multi-Billion Dollar Economic Engine |$837M Annual Payroll | 16,676 Jobs Supported
  • Adjacent to One of Colorado’s Largest Employment Hubs | Strategic Military Installation | $2.62 Billion Annual Economic Impact
  • Crossroads Development | Positioned for Future Growth

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed Starbucks investment property located in Colorado Springs, Colorado. The tenant, Starbucks Corporation, executed an 10-year lease expiring March, 2035 with 4 (5-year) options to extend, demonstrating its long-term commitment to the site. The lease features attractive 10% rental increases every 5 years throughout the initial term and option periods, providing steady NOI growth and a hedge against inflation. The property is leased on a NNN basis with limited landlord responsibilities, creating an attractive investment opportunity with durable income backed by one of the world’s most recognized retail brands.

FOR SALE DETAILS

PRICE

$2,684,000 USD

PRICE/SF

$1,107 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | 8+yrs Remain Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

CR

APN/PARCEL ID

54083-05-007

ASK ABOUT THIS PROPERTY

Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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