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Orchard Mesa Starbucks 2779 Acrin Ave 2,200 SF Retail Building Grand Junction, CO 81503 $3,234,000 ($1,470/SF) 5.25% Cap Rate
Investment Highlights
- Single-tenant drive thru 100% master leased to Starbucks with 10-year term and corporate guarantee.
- Offered at a 5% cap rate with an average cap rate of 5.5% over the primary term
- Brand new construction built in 2024
- Well-established and reliable tenant with investment grade credit
- High visibility, nicely landscaped, drive through access, paved parking
- 2,200 sf building on 1.14 acres
Executive Summary
Excellent investment opportunity. Brand new single-tenant building built in 2024 on 1.14 acres. Great visibility off of US-50 and located in a heavily traveled area composed of restaurants, parks, and commercial businesses. Fully leased to a well-established and reliable tenant (Starbucks) with a 10-year term, NNN leases, and multiple 5-year options to extend. Nicely landscaped with drive-through access, paved and lit parking lot, 1,500 gallon grease trap, and new HVAC systems.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Year Built
2024
Price
$3,234,000
Price Per SF
$1,470
Cap Rate
5.25%
NOI
$169,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.14 AC
Zoning
MU-2 - MU-2
Parking
35 Spaces (15.91 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
- -
Starbucks began in 1971 as a coffee business in Seattle, where the company first sold coffee beans and related equipment before evolving into a broader coffeehouse brand. The business now focuses on responsibly sourced arabica coffee, company-operated and licensed coffeehouses, and a growing consumer-packaged goods presence. Starbucks has built a wide market presence around specialty coffee, with offerings that span brewed drinks, espresso-based beverages, food, and retail products distributed through its store network and packaged-goods channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $9.99 | Lorem Ipsum | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2945-254-40-011 | Improvements Assessment | $262,980 |
| Land Assessment | $63,690 | Total Assessment | $326,670 |
Property Taxes
Parcel Number
2945-254-40-011
Land Assessment
$63,690
Improvements Assessment
$262,980
Total Assessment
$326,670
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Orchard Mesa Starbucks | 2779 Acrin Ave