Starbucks (Denver MSA)
9+ Years | Annual Rent Increases | $168,000+ AHHI
Marketing description
Cushman & Wakefield is pleased to offer for sale a recently completed Starbucks in the southeast submarket of Denver, CO. The property is located along the busy thoroughfare of South Chambers Road (22,000 VPD) and just off the exit of the E-470 toll-road (over 50,000 VPD), a major outer beltway for the Denver metropolitan area that provides direct access to the Denver International Airport for much of the south Denver region. The surrounding demographics are extremely strong, with a population of 184,796 and average household income of $152,495 within a five-mile radius of the property. Adjacent to the property is the newly constructed 121-unit Terra Bluffs Assisted Senior Living Community and a new McDonald's that opened for business in March 2026. Within a mile of the site are several newly constructed and planned housing developments, including Compark Village, Dove Village Paired by Lennar Homes, The Alder, Cottonwood Highlands, and Chambers High Point, that will bring hundreds of units of new single family and multifamily housing to the area, along with the Parker data center, a $192 million facility from Flexential that is slated to be operational by January 2027. Within three miles from the site includes Centennial Airport, the third busiest General Aviation facility in the country, and Chaparral High School, a large public high school with an enrollment of over 2,000 students. Additionally, numerous nearby shopping centers along E-470 feature anchor tenants such as Costco, Home Depot, Macy's, and Walmart Supercenter. The site is well-connected to the wider metropolitan region, with access to both Downtown Denver, via I-25, and the Denver International Airport, via E-470, in around 30 minutes.
Investment highlights
- New 10-year net lease with over 9 years remaining and limited landlord responsibilities
- Attractive 10% rent increases every 5 years throughout the lease term and renewal options
- Starbucks Corporation (Nasdaq: SBUX) is investment grade rated ‘BBB+’ by S&P and reported $9.53 billion in revenue and $510.9 million in net income for the fiscal quarter ending March 29, 2026
- Parker is a high-growth, affluent Denver suburb with average household income exceeding $168,000 within a five-mile radius
- Hard corner drive-thru location at the signalized intersection of S Chambers Road (22,000 VPD) and E-470 (50,000 VPD)
- Fronting the newly constructed 121-unit Terra Bluffs Senior Living Community and directly across from a recently opened McDonald’s
- Adjacent to Flexential’s new $192 million, 276,000 SF data center, which will be among the largest data centers in Colorado upon completion
- Positioned within the 640-acre Compark Business Campus, featuring 6.6 million SF of planned office, commercial, industrial, and research space, along with more than 700 existing and planned residential and senior housing units
- Located in high-performing Denver submarket, with major employers including Amazon, DigiComm, and Sierra Nevada Corporation driving long-term population and employment growth
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