1500 W Littleton Blvd
Littleton, CO 80120
Starbucks · Retail Property For Sale

The offering provides an investor with the opportunity to acquire a build-to-suit Starbucks drive-thru outparcel within the WoodLawn Shopping Center in Littleton, CO. Construction was recently completed on the subject property, and Starbucks commenced a 10-year lease on September 13, 2019. The lease structure features defendable rents with 10% rental increases every five years, in addition to four 5-year extension options. Starbucks relocated from the King Soopers anchored shopping center just east of the subject property on W Littleton Boulevard, reflecting the appeal of being positioned within the WoodLawn center. W Littleton Boulevard is a well-trafficked road running east-west (24,758 VPD), which connects South Broadway to U.S. Route 85, which is the main north-south arterial that funnels into downtown Denver (62,668 VPD). The retail market - Littleton has a strengthening economy that has coincided with the impressive ongoing growth taking place in Denver. This spillover effect has led to increases in development in Littleton, which has received a 200% increase in development applications over the last five years. Neighboring retailers within the WoodLawn center include a mix of daily needs tenants that include Family Dollar, Anytime Fitness, Sherwin-Williams, as well as Dollar Tree which is moving into the center later this fall. To the east of the subject property is Littleton High School (1,200+ students), and to the southwest is the Arapahoe Community College (20,000+ students).