9900 Colfax AveLakewood, CO 80215

Property Details for 9900 Colfax Ave

Year built

2024

Lot size

0.61 AC

Property size (Sq ft)

2,015 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, single-tenant Starbucks located at 9900 W Colfax Ave, Lakewood, CO. This 2,015 square foot building, constructed in 2024, sits on a 0.61-acre lot and boasts a double drive-thru – the first of its kind for Starbucks in Colorado. The property benefits from a strong 10-year net lease with a corporate guarantee from Starbucks, commencing September 18, 2024, and expiring February 28, 2035. The lease includes 7.5% rent bumps every five years and four (4) and five (5) year renewal options. The property's strategic location at the intersection of Kipling Street and W Colfax Avenue, two major thoroughfares, ensures high visibility and significant traffic volume (approximately 54,000 vehicles per day). This location is ideally situated on the "going-to-work" side of W Colfax Avenue, a primary route to downtown Denver (approximately a 15-minute drive). The property also benefits from proximity to Colorado Christian University (approximately 10,149 students), Lakewood High School (approximately 1,885 students), and the Denver Federal Center (a 4 million square foot office complex with over 6,000 employees), all within a 15-minute radius. The property currently enjoys 100% occupancy and generates a strong net operating income (NOI) of $190,015, resulting in a 5.25% cap rate. The asking price is $3,620,000. Strong demographics within a 3-mile radius further enhance the investment potential, with a population of 112,258 and an average household income of $117,989. This is a relocation store for Starbucks from an adjacent building, demonstrating their commitment to this location.

Location Insight

City

Lakewood

County

Jefferson

State

Colorado

Latitude

39.7401

Longitude

-105.108

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