Colorado Broker of Record: EXP Realty. Jennifer Smith. License No. 10095733
Faris Lee Investments is pleased to offer the fee-simple interests (land and buildings) in two newly constructed, freestanding drive-thru properties leased to Starbucks and Chipotle in Pueblo, Colorado. This prime investment opportunity features brand-new construction and the tenants’ latest drive-thru prototypes. The Starbucks property is designed to accommodate mobile ordering, drive-thru service, and delivery—channels that collectively account for more than 70% of the company’s revenue. Starbucks drive-thru locations reportedly generate approximately 50% more revenue than non-drive-thru stores, supporting strong unit-level performance, operational efficiency, and intrinsic real estate value. The Chipotle property features the company’s latest “Chipotlane” prototype, including a dedicated drive-up window for customers who preorder and pay through Chipotle’s mobile app. The properties are secured by corporate NNN leases, including a 10-year Starbucks lease with four five-year renewal options and a 15-year Chipotle lease with three five-year renewal options. Both leases include scheduled 10% rental increases every five years throughout the primary terms and option periods, providing long term stability, a natural hedge against inflation, increased returns on investment, and potential tax benefits through cost segregation and accelerated depreciation.
The tenants, Starbucks Corporation (NASDAQ: SBUX) and Chipotle Mexican Grill, Inc. (NYSE: CMG), are two of the world’s most recognizable restaurant brands. Starbucks is an investment-grade, BBB+-rated national credit tenant with exceptional financial standing, reporting over $37 billion in revenue in 2025 and operating more than 41,000 locations worldwide, including over 16,000 stores throughout the United States. With a market capitalization exceeding $122 billion
as of September 2026, Starbucks is the world’s largest coffee retailer and one of the most valuable restaurant brands globally. Chipotle reported more than $11.9 billion in 2025 revenue, operates over 4,000 restaurants worldwide, employs approximately 130,500+ people, and had a market capitalization exceeding $44 billion as of July 2026. Under the NNN lease structures, property-level operating expenses are passed through to the tenants, providing limited landlord responsibilities and ease of management. This hands-off structure makes the portfolio an ideal vehicle for passive investors or 1031 exchange buyers seeking immediate and dependable corporate income streams.
Strategically positioned as high-profile, freestanding pad buildings within a major regional trade area, the properties boast excellent visibility along highly traveled Pueblo Boulevard (Highway 45), which carries more than 23,100 vehicles per day. The properties are also located near Interstate 25, which carries more than 46,000 vehicles per day and serves as a critical north-south transportation corridor through Colorado. These premier assets serve Southern Colorado’s expansive regional trade area, drawing consumer traffic from surrounding communities such as Cañon City, Rockvale, Florence, Penrose, Greenwood, Wetmore, Colorado City, Fowler, Avondale, and Baxter. The properties are located near prominent national retailers and restaurants, including Walmart, Safeway, Lowe’s, King Soopers, McDonald’s, Taco Bell, Carl’s Jr., Sonic, and Culver’s.