Starbucks

20201 E Smoky Hill Rd, Centennial, CO 80015

  • For Sale $2,285,000
  • Property Type Retail - Street Retail
  • Property Size 2,200 SF
  • Lot Size 1.27 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2022
  • Date Updated May 29, 2024
New construction Triple Net Starbucks with frontage along E. Smokly Hill Road (33,134 VPD) intersecting with S. Himalaya St (11,092 VPD). The Property sits within the Smoky Hill Town Center in affluent suburb of Centennial CO, which as an average annual household income of over $170,000 within one mile. The population in the area exceeds 120,00 residents within a 3-mile radius and includes large national retailers such as McDonald's, Sprouts Farmers Market, VASA Fitness, PNC Bank, Walgreens, and Slim Chickens.This new construciton (2022) Starbucks is located within the Denver MSA in the affluent suburb Centennial, CO. There are approximately 8.25 years of primary lease term remaining with 7.5% rental increases every five years in the primary term and renewal options. The NNN lease structure provides limited landlord responsibility with the ability to structure long-term passive ownership.

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Highlights

  • RENT COMMENCEMENT: October 1, 2022
  • PRIMARY LEASE EXPIRATION: September 30, 2032
  • LEASE TERM: 8.25 Years
  • RENTAL ESCALATIONS: 7.5% rental increases every 5 years
  • RENEWAL OPTIONS: Four 5-Year
  • TENANT: Starbucks
  • LEASE TYPE: NNN*
  • LANDLORD RESPONSIBILITIES: Roof, structure, parking, and common areas, but shall be reimbursed by the tenant for operating expenses.
  • Starbucks is an investment grade tenant (S&P: BBB+)
  • Starbucks is the world’s leading coffee brand with over 38,000 locations

Contacts

broker

Maxwell Marcum

Marcum Commercial Advisors

Location

Getting Around

  • Walk Score ®

    67/100 Somewhat Walkable

  • Transit Score ®

    26/100 Some Transit

  • Bike Score ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Centennial, CO
  • Neighborhood Greenfield
  • Zip Code 80015
  • Market Denver

Points of Interest

  • Nine Mile

    5.87 miles

  • Florida

    6.77 miles

  • Dayton

    7.02 miles

  • Arapahoe at Village Center

    7.28 miles

  • Sky Ridge

    8.33 miles

  • Colfax

    9.74 miles

  • Safeway

    0.06 miles

  • Conoco

    0.18 miles

  • Loaf 'N Jug

    0.26 miles

  • Conoco

    0.55 miles

  • Valero

    1.07 miles

  • Mobil

    1.63 miles

  • Maverik

    2.10 miles

  • Maverik

    2.17 miles

  • Conoco

    2.35 miles

  • Walmart

    2.48 miles

  • Smoky Hill & Picadilly Park n' Ride

    0.36 miles

  • Disabled

    0.36 miles

  • Staff Parking Only

    1.94 miles

  • Customer Parking

    1.95 miles

  • Southlands Physicians Parking

    2.22 miles

  • Disabled

    2.24 miles

  • Fire Station Employee

    2.31 miles

  • P.F. Chang's West Lot

    2.38 miles

  • P.F. Chang's East Lot

    2.41 miles

  • Wells Fargo Lot

    2.45 miles

  • Chipotle

    0.02 miles

  • Jimmy John's

    0.03 miles

  • Anthony's Pizza & Pasta

    0.06 miles

  • Domino's

    0.09 miles

  • Tata's Burritos

    0.18 miles

  • Pizza Hut

    0.20 miles

  • McDonald's

    0.22 miles

  • Little Caesars

    0.26 miles

  • Thai Panda

    0.28 miles

  • Subway

    0.32 miles

  • King Soopers

    0.41 miles

  • Sprouts Farmers Market

    0.44 miles

  • Safeway

    2.07 miles

  • Walmart Neighborhood Market

    2.14 miles

  • Ross

    2.40 miles

  • Walmart Neighborhood Market

    2.40 miles

  • Walmart Supercenter

    2.57 miles

  • TJ Maxx

    2.63 miles

  • JCPenney

    2.63 miles

  • Target

    2.64 miles

Frequently Asked Questions

How much does Starbucks cost?

The space currently listed for sale at Starbucks asks for $2,285,000.

What is the total square footage of Starbucks?

Starbucks totals 2,200 square feet.

When was this property built?

Starbucks was built in 2022.

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Contact Listing Broker

broker

Maxwell Marcum

Marcum Commercial Advisors