Starbucks

1760 Briargate Boulevard, Colorado Springs, CO 80920

$1,295,200

Cap Rate 5.25%

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DOM: 168 Updated: 05.17.25 Posted: 05.17.25 Status: Active 05.17.25

Summary

Price $1,295,200	Built/Renov 2014	Tenant Starbucks
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 380	Lease Start 12-10-2013	#Units 38,038
Price/SF $3,408.42	Expiration 06-30-2034	Tenant Type Fast Food/QSR
NOI $68,000	R. Term 8.8	Ownership Ground Lease
Rent/SF $178.95	Increases 9.0%/4/yrs	Pop 5Mi 137,427
Lot/AC 0.27	Options 4/5yrs/10%	AHHI 5Mi $132,244

Spencer O'Donnell

Charter Realty

Contact

Highlights

Starbucks has 9 years remaining on the current lease term with 4 (5-year) options to extend
Lease features a 9% rental increase in 2029, 10% increases at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically positioned at a high-traffic, signalized hard corner near the intersection of Briargate Blvd and Chapel Hills Dr, benefiting from approximately 21,800 vehicles per day (VPD). This location is an outparcel to Chapel Hills Mall, a regional shopping center featuring over 562,000 square feet of retail space with anchors such as Macy’s, AMC Theaters, Dick’s Sporting...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Below Market Rent
Absolute NNN
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Colorado Springs, Colorado Zip Code 80924 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:38,038
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...

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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	7,653	80,049	218,817
2025 Total Population :	7,379	78,237	210,441
2025 Employed Civilian Pop :	3,842	41,013	109,053
2025 Total Businesses :	773	3,808	8,367
2025 Average Household Income :	$ 108,622	$ 128,069	$ 129,791
2025 Total Consumer Spending :	$ 307 M	$ 3363 M	$ 9132 M
2025 Median Age :	36	38	37
2025 Total Households :	3,292	30,794	82,266
2025 Pop Age 25+: Bachelor's Degree :	1,557	16,474	43,430
2025 Average Home Value :	$ 538,437	$ 577,880	$ 589,370

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Briargate Blvd	Chapel Hills Dr	2013	17,634	0.08 mi
Chapel Hills Dr	Briargate Blvd	2013	11,600	0.14 mi
Chapel Hills Dr	Independence Dr	2006	9,470	0.15 mi
Briargate Blvd	N Academy Blvd	2015	21,845	0.26 mi
Briargate Boulevard	Chapel Hills Dr	2021	15,787	0.27 mi
Mirage Drive	Chapel Hills Dr	2021	3,487	0.30 mi
Chapel Hills Dr	Mirage Dr	2000	20,514	0.31 mi
North Academy Boulevard	E Woodmen Rd	2021	40,935	0.32 mi
State Hwy 83	Briargate Blvd	2013	41,322	0.33 mi
State Hwy 83	Briargate Blvd	2013	39,527	0.37 mi

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