STARBUCKS - LoopNet · PDF file STARBUCKS 4.85% CAP $1,814,000 PRICE New construction Corporate Starbucks Outparcel within the WoodLawn Shopping Center (92% occupied) 10-year net lease;

NOR

LITTLETON, CO

RECENTLY OPENED CORPORATE STARBUCKS WITH DRIVE-THRU

STARBUCKS

OPENED SEPT. 13

BRAND NEW OUTPARCEL WITHIN THE WOODLAWN SHOPPING CENTER IN AFFLUENT DENVER SUBURB

OPENED SEPT. 13

COMING SOON

2

STARBUCKS

4.85% CAP

$1,814,000 PRICE

New construction Corporate Starbucks

Outparcel within the WoodLawn Shopping Center (92% occupied)

10-year net lease; no early lease termination

Relocation of successful store from nearby King Soopers Center

Littleton is an affluent suburb of Denver, with Average Household Incomes of $111,787 within a 5-mile radius

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LEASABLE SF 2,000 SF

LEASE TERM 10 Years

LEASE TYPE Corp. Net Lease

LAND AREA 0.7 AC

YEAR BUILT 2019

PARKING 28 Spaces

1500 W LITTLETON BLVD, LITTLETON, CO 80120

3

Overview

https://www.google.com/maps/place/Woodlawn+Center/@39.6129273,-105.005574,603m/data=!3m1!1e3!4m5!3m4!1s0x0:0x7a8d8ad6bb33fad0!8m2!3d39.6121534!4d-105.005784 https://www.google.com/maps/place/Woodlawn+Center/@39.6129273,-105.005574,603m/data=!3m1!1e3!4m5!3m4!1s0x0:0x7a8d8ad6bb33fad0!8m2!3d39.6121534!4d-105.005784 https://www.google.com/maps/place/Woodlawn+Center/@39.6129273,-105.005574,603m/data=!3m1!1e3!4m5!3m4!1s0x0:0x7a8d8ad6bb33fad0!8m2!3d39.6121534!4d-105.005784 https://www.google.com/maps/place/Woodlawn+Center/@39.6129273,-105.005574,603m/data=!3m1!1e3!4m5!3m4!1s0x0:0x7a8d8ad6bb33fad0!8m2!3d39.6121534!4d-105.005784

THE OFFERING provides an investor with the opportunity to acquire a build-to-suit Starbucks drive-thru outparcel within the WoodLawn Shopping Center in Littleton, CO. Construction was recently completed on the subject property, and Starbucks commenced a 10-year lease on September 13, 2019. The lease structure features defendable rents with 10% rental increases every five years, in addition to four 5-year extension options. Starbucks relocated from the King Soopers anchored shopping center just east of the subject property on W Littleton Boulevard, reflecting the appeal of being positioned within the WoodLawn center. W Littleton Boulevard is a well-trafficked road running east-west (24,758 VPD), which connects South Broadway to U.S. Route 85, which is the main north-south arterial that funnels into downtown Denver (62,668 VPD).

Contact the team

RELOCATION OF SUCCESSFUL STORE FROM KING SOOPERS CENTER LOCATED DOWN THE STREET

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

THE RETAIL MARKET - Littleton has a strengthening economy that has coincided with the impressive ongoing growth taking place in Denver. This spillover effect has led to increases in development in Littleton, which has received a 200% increase in development applications over the last five years. Neighboring retailers within the WoodLawn center include a mix of daily needs tenants that include Family Dollar, Anytime Fitness, Sherwin-Williams, as well as Dollar Tree which is moving into the center later this fall. To the east of the subject property is Littleton High School (1,200+ students), and to the southwest is the Arapahoe Community College (20,000+ students).

CHRIS KOSTANECKI [email protected] PH: 415.274.2701 CA DRE# 01002010

ZEB RIPPLE [email protected] PH: 415.274.2702 CA DRE# 01242540

CHRIS PETERS [email protected] PH: 415.274.2703 CA DRE# 01339983

JACK NAVARRA [email protected] PH: 415.274.2705 CA DRE# 01909630

IN CONJUNCTION WITH CO LICENSED BROKER: David Leuthold Leuthold Commercial Properties 303.871.9000

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Investment Highlights

85

85

W LITTLETON BOULEVARD W ALAMO AVENUE

W MAIN STREET

W BOWLES AVENUE

E LITTLETON BOULEVARD

S B

RO A

D W

AY S

B RO

A D

W AY

S W

IN D

ER M

ER E

ST RE

ET S

W IN

D ER

M ER

E ST

RE ET

12,745 VPD

31,916 VPD

58,640 VPD

SCHOOL

ARAPAHOE COUNTY

ARAPAHOE COUNTY

CITY OF LITTLETON

CITY OF LITTLETON

CITY OF LITTLETON

HIGH SCHOOL

GOLF COURSE

ELEMENTARY SCHOOL

ELEMENTARY SCHOOL

ARAPAHOE COMMUNITY

COLLEGE

DENVER SEMINARY

22,490 VPD

24,758 VPD

62,668 VPD

DENVER (11 MILES)

5This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LI G

H TR

A IL

LI GH

TR AI

L

DOWNTOWN LITTLETON

THE SUBJECT PROPERTY IS LESS THAN 1/2 MILE FROM THE

LITTLETON DOWNTOWN RTD LIGHT RAIL STAION

LITTLETON DOWNTOWN

STATION

5

Zoomed-In Aerial

85

85

85

285

285

BROADWAYBROADWAY

W B

O W

LE S

AV EN

U E

W L

IT TL

ET O

N

B O

U LE

VA RD

31,916 VPD

76,000 VPD

51,957 VPD

58,640 VPD

32,950 VPD

76,000 VPD

ARAPAHOE COMMUNITY

COLLEGE

SWEDISH MEDICAL CENTER CRAIG

HOSPITAL

ACADEMY

ACADEMY

SCHOOL

SCHOOL SCHOOL

MIDDLE SCHOOL

MIDDLE SCHOOL

HIGH SCHOOL

HIGH SCHOOL

MUSEUM OF

OUTDOOR ARTS

HIGH SCHOOL

HIGH SCHOOL

HIGH SCHOOL

CITY OF SHERIDAN

GOLF COURSE

GOLF COURSE

GOLF COURSE

GOLF COURSE

SPORTS COMPLEX

GOLF COURSE

ELEMENTARY SCHOOL

ELEMENTARY SCHOOL

ELEMENTARY SCHOOL

ELEMENTARY SCHOOL

ELEMENTARY SCHOOL

ELEMENTARY SCHOOL

DENVER SEMINARY

24,758 VPD

6This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

DENVER (11 MILES)

6

Zoomed-Out Aerial

Family Dollar Anytime Fitness Sherwin Williams 7-Eleven USPS Arc Thrift Store Metro by T-Mobile

King Soopers Chipotle Wells Fargo Bank Subway Tesla Romano’s Pizzeria Taylor Automotive

Littleton Cafe Woodlawn Liquors Wash House Laundromat Taco House

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Submarket Overview

RETAILERS IN CLOSE PROXIMITY INCLUDE:

BUSINESS SUMMARY

KEY 1-MILE 3-MILES 5-MILES 7

LITTLETON

ENGLEWOOD

HIGHLANDS RANCH

CENTENNIAL

TOTAL 1-MILE 3-MILES 5-MILES

Businesses 1,070 4,950 12,100

Employees 10,454 49,698 122,275

Residential Population 15,505 95,153 280,317

Avg Household Incomes $69,649 $103,682 $111,787

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Surrounding Retail

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

PRICE $1,814,000 Price Per Square Foot: $907.00

Capitalization Rate: 4.85%

Total Rentable Area (SF): 2,000

Lot Size (AC): 0.70

STABILIZED INCOME PER SQUARE FOOT Scheduled Rent $44.00 $88,000

Effective Gross Income $44.00 $88,000

LESS PER SQUARE FOOT Taxes NNN $0.00

Insurance NNN $0.00

Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $88,000

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Income & Expense

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TENANT INFO LEASE TERMS RENT SUMMARY

TENANT NAME SQ. FT. CURRENT RENT MONTHLY

RENT YEARLY

RENT MONTHLY RENT/FT

YEAR RENT/FT

Starbucks 2,000 09/13/19 09/30/24 $88,000 $7,333 $88,000 $3.67 $44.00

10/01/24 09/30/29 $8,067 $96,800 $4.03 $48.40

Option 1 10/01/29 09/30/34 $8,873 $106,480 $4.44 $53.24

Option 2 10/01/34 09/30/39 $9,760 $117,120 $4.88 $58.56

Option 3 10/01/39 09/30/44 $10,737 $128,840 $5.37 $64.42

Option 4 10/01/44 09/30/49 $11,810 $141,720 $5.91 $70.86

TOTALS: 2,000 $88,000 $7,333 $88,000 $3.67 $44.00

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Rent Roll

BASE RENT

DATE RANGE MONTHLY RENT ANNUAL RENT