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

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].