Offering Memorandum
Highlights
- Brand New 10-Year Lease Commenced in August 2023 with 4 x5-Year Options and Scheduled Rent Increases
- Investment Grade Guaranty (S&P:BBB+) from Starbucks Corporate - 35,000+ Locations across the globe - $9.2B Revenue Q3 2023 (12% YOY Increase)
- Proximity to Prominent Local Schools Including Cherokee Trail High School (2,800 Students), Fox Ridge Middle School (1,100 students), and Everbook Academy
- Situated between Southlands Mall (4.1 Million Visits) and a King Soopers Marketplace (1.2 Million Visits - Ranking 9th / 115) Grocery Anchored Shopping Center in Affluent Southeastern Denver Neighborhood
- $180k+ Average Household Income within a 1-Mile Radius of the Subject Property Complimented by 28.5% Projected Population Growth by 2027 (1-mile)
- Price: $2,799,000
- Lot Size: 0.96 AC
- Cap Rate: 5.00%
- Lease Type: Triple Net
- Year Built: 2023
- Building SF: 2,155 SF
- Status: Under Contract
- Guarantor: Corporate Guarantee - Starbucks