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Starbucks | Rare Absolute NNN Ground Lease 1760 Briargate Blvd 380 SF Retail Building Colorado Springs, CO 80920 $1,236,363 ($3,253.59/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Starbucks – Rare Absolute NNN Ground Lease – Corporate Guaranteed – Starbucks Corporation – (S&P Rated: “BBB+”) Investment Grade Credit
- Unique Low Price-Point Starbucks – Currently Operates 38,000+ Stores Worldwide – 400,000+ Employees
- 2nd Largest City in Colorado – Major Employers include US Air Force, Lockheed Martin, UCHealth, Amazon, FedEx, Northrop Gumman
- Excellent Credit Profile – Publicly Traded (NASDAQ: SBUX) – Over $110 Billion Market Cap – 9% Rental Escalation in 2029 – 10% Rental Increases Every
- Located on Briargate Blvd next to N Academy Blvd Intersection (State Highway 83) – 44,256 VPD – Outparcel to Chapel Hills Mall
- Nearby Top-Tier Retailers: Whole Foods, Trader Joe’s, Lowe’s, REI, and In-N-Out Burger – Next to Interstate-25 (133,000 VPD) – Premium Brand
EXECUTIVE SUMMARY
We are pleased to present a rare opportunity for qualified investors to acquire a rare, absolute NNN drive-thru Starbucks (NASDAQ: SBUX) in Colorado Springs, Colorado, with a long-term lease with and significant increases every 5 years as a hedge against inflation.
Strategically located in the highly affluent Briargate retail corridor as an outparcel to Chapel Hills Mall, this Starbucks benefits from strong co-tenancy, dense daily traffic, and exceptional visibility. The property is adjacent to I-25 (133,000 vehicles per day) and surrounded by top-tier national retailers including Whole Foods, Trader Joe’s, Lowe’s, REI, and In-N-Out Burger, in an area known for consistently appreciating real estate.
Colorado Springs—the second-largest city in Colorado—is experiencing rapid economic and population growth. With over 484,000 residents, the city is a major hub for military, aerospace, healthcare, and tech industries, boasting an educated workforce and a diversified employment base. The presence of major employers like Fort Carson, Amazon, UCHealth, and Lockheed Martin contributes to the city’s stable, recession-resistant economy.
This investment combines brand security (S&P rated “BBB+” Investment Grade), location strength, and income growth, making it a premier net lease opportunity in one of the most dynamic markets in the Western U.S.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- 380 SF
- $178.95
- Triple Net
- Jun 2034
Starbucks is a multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, including over 3,000 in California, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Starbucks is publicly traded on NASDAQ under the ticker symbol SBUX and reported employing approximately 381,000 people globally in 2025. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 380 SF | $178.95 | Triple Net | Jun 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 63054-01-017 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $97,340 |
PROPERTY TAXES
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Starbucks | Rare Absolute NNN Ground Lease | 1760 Briargate Blvd
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