Starbucks

For Sale

1303 Royal Gorge Boulevard, Canon City, CO 81212

This Canon City property for sale is located at 1303 Royal Gorge Boulevard. The current listed sale price for Starbucks is $2,237,402. Starbucks is situated on a lot that is 0.49 acre in size.

Contacts

broker

Zandy Smith

CP Partners

(415) 274-2707

Property Details

  • Property Type Retail - Street Retail
  • Property Size 1,920 SF
  • Lot Size 0.49 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2018
  • Date Updated Apr 22, 2024
-An NN leased Starbucks with approximately 5 years remaining featuring four 5-year options, 10% increases every 5-years in the base term and options, and no early termination. The subject property is the only drive-thru Starbucks within 35 miles with strong neighboring tenants including Safeway, Walgreens, Dollar Tree, Natural Grocers, and more.

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Highlights

  • A single-tenant Starbucks located in growing Cañon City, CO
  • The lease structure is NN with a corporate guaranty, making this a passive investment opportunity for a hands-off investor
  • 10% annual rental increases every 5-years during the primary term and option periods, providing an investor with a hedge against inflation
  • Prominent location along the main retail corridor through Cañon City and the only freestanding Starbucks with drive through within a 35-mile radius
  • The property has excellent visibility located along Royal Gorge Boulevard, with traffic counts exceeding 22,000 VPD
  • Located minutes from both a middle school and high school, providing a steady flow of patrons in the mornings and afternoons
  • Neighboring tenants include Safeway, Walgreens, Wendy’s, Sonic Drive-In, Taco Bell, and Dairy Queen

Attachments

Getting around

  • 73/100

    Walk Score ®

  • 64/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Canon City, CO
  • Zip Code 81212

Points of Interest

  • Western Convenience Store

    0.06 miles

  • GASMAT

    0.28 miles

  • Loaf 'N Jug

    0.34 miles

  • Shell

    0.68 miles

  • Exxon

    0.72 miles

  • Conoco

    1.28 miles

  • Shell

    1.92 miles

  • Sells Avenue Trailhead

    0.51 miles

  • Raynolds/Ash Trailhead

    1.42 miles

  • Eagle Wing Trailhead

    1.59 miles

  • Mackenzie Trailhead

    3.31 miles

  • horse trailer parking

    6.31 miles

  • Oil Well Flats

    6.34 miles

  • FCI Florence

    8.95 miles

  • USP Florence High

    9.16 miles

  • ADX

    9.54 miles

  • Waffle Wagon

    0.04 miles

  • Sonic

    0.13 miles

  • Taco Bell

    0.17 miles

  • Wendy's

    0.17 miles

  • Papa Murphy's

    0.18 miles

  • Momo's Sushi Bar

    0.24 miles

  • China Rice

    0.31 miles

  • Village Inn

    0.53 miles

  • Subway

    0.57 miles

  • Old Mission Mexican Resaurant

    0.58 miles

  • Safeway

    0.09 miles

  • City Market

    0.39 miles

  • Walmart Supercenter

    2.07 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Zandy Smith

CP Partners

(415) 274-2707