Listed by Phoenix Commercial Advisors
$2,870,000
2933 Sage Street
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 620
Cap Rate 5.40%
NOI $155,000
Occupancy 100%
Tenancy Single
Brand/Tenant Black Rock Coffee
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Year Built 2026
Lot Size (SqFt) 15,948
Tenant Credit Corporate Guarantee
Ground Lease No
STNL Black Rock Coffee | New 15-Year Absolute NNN
Investment highlights
- Brand-new 15-year absolute NNN lease; landlord has zero responsibilities
- Corporately backed by Black Rock Coffee Bar, with 190+ company-owned stores across 8 states and one of the nation's fastest-growing coffee brands
- Strong scheduled rent increases of 10% every 5 years through the primary term and options perdiods
- Located at on of Colorado Springs' busiest, most visible commercial nodes, with ±32,000 VPD along Fillmore itself
Listing Contacts
Listed by Phoenix Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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