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21342273
21342271

501 W Tomichi Ave, Gunnison, CO 81230

SS
CO EA263711
Bray Commercial Real Estate
Listed by Bray Commercial Real Estate
$2,700,000
753 days on market
Updated 105 days ago

Gunnison Starbucks

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,624
Units 1
Cap Rate 5.00%
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NNN
Remaining Term 10
Lease Options Four (4) Five (5) year options to extend
Price per SqFt $1,029
Year Built 2024
Buildings 1
Stories 1
Tenant Credit Corporate Guarantee
Occupancy Date 03/01/2024

Single Tenant drive thru 100% master leased to Starbucks 10-year term and corporate guarantee.

Marketing description

Don't miss this chance to own a freestanding Starbucks with a drive-thru and partially covered patio in a prime location on Tomichi Avenue, Gunnison's main thoroughfare. The property features a modern design, ample off-street parking, and cozy indoor/outdoor fireplace. The café measures 2,624 square feet situated on 0.53 acres of land directly on the route between Gunnison Crested Butte Airport and Crested Butte Ski Resort. Starbucks rent commencement began in March of 2024 with a ten (10) year primary term (no early termination) and 10% escalators every five (5) years with four (4) five (5) year renewal options. Day-to-day operations run fairly smooth as they cater to many locals and vehicles that are simply "passing through". This Starbucks presents itself as a very nice pit-stop and acts as a great pick me up to bikers, hikers, and kayakers alike. With a great local school base much of the business goes to satisfy student cravings. This is a great chance to invest in a national brand with a loyal customer base and a proven track record of success.

Investment highlights

  • Partially covered patio with indoor/outdoor fireplace

Nicely paved drive through area

  • Large interior café

  • Ample parking

  • Well-established and reliable tenant with investment grade credit.

  • Easy access and visibility on Gunnison's main thoroughfare US 50

Listing Contacts

SS
CO EA263711
Bray Commercial Real Estate
Listed by Bray Commercial Real Estate

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