www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31134034
31134030

21 Spectrum Lp, Colorado Springs, CO 80921

MM
CO ER.100109767, AZ #SA694963000
Echo West Capital Advisors
Listed by Echo West Capital Advisors
$3,750,000
77 days on market
Updated 44 days ago

Starbucks

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,313
Net Rentable (SqFt) 2,313
Units 1
Cap Rate 5.55%
NOI $208,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 9
Rent Bumps Yes
Price per SqFt $1,621
Year Built 2025
Buildings 1
Stories 1
Acreage 0.690
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple

Brand New 2025 Construction | 5.55% CAP

Investment highlights

  • Brand New 2025 Construction - Completed in 2025, this newly built Starbucks features modern design, high-end finishes, and a drive-thru built to current brand standards. The asset offers full depreciation potential and minimal near-term capital requirements.

  • Global Brand – Starbucks Corporation - Starbucks (NASDAQ: SBUX) is one of the world’s most recognized consumer brands, with over 38,000 stores globally. The company’s strong credit profile and market leadership provide investors with dependable income backed by a premier tenant.

  • Strategic Colorado Springs Location - Situated in the booming Interquest corridor, the property benefits from high traffic volumes, nearby national retailers, and close proximity to the U.S. Air Force Academy. This is one of the city’s most sought-after growth zones for retail and residential development.

  • Drive-Thru Equipped – Sales Optimized Layout - Featuring a modern drive-thru, this location is optimized for high customer throughput and convenience —two key factors driving Starbucks’ strong unit-level performance across suburban markets.

  • Limited Landlord Responsibilities - The lease structure requires only minimal landlord obligations, typically limited to roof and structure. This offering provides a balance of passive income and tenant security in a prime, high-growth market

  • Affluent Demographics & Strong Daytime Population - The surrounding area boasts strong household incomes and a robust daytime population driven by nearby employers, retail, and the U.S. Air Force Academy. These favorable demographics support consistent foot traffic, strong store performance, and long-term tenant success.

  • Immediate Freeway Access to Powers Blvd Extension (Est. Completion 2030) - The subject site will benefit from direct freeway access from the Powers Blvd extension project, which will connect major arteries Powers Blvd (SH-21) and I-25. The overpass at Old Northgate Road will only have access at Voyager Parkway, where the subject site is located. The extension project is actively under construction and expected to be fully open in 2030.

Listing Contacts

MM
CO ER.100109767, AZ #SA694963000
Echo West Capital Advisors
Listed by Echo West Capital Advisors

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$208,000.00
$17,333.33/mo

Valuation Metrics

0
DSCR
5.55%
Cap Rate
5.55%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Matt Mathers
License
ER.100109767
Brokerage
Echo West Capital Advisors
Brokerage Phone
4805166431
Title
Partner
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591