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29 Copper Ct 1,857 SF 4-Star Retail Building Durango, CO 81301 $5,541,803 CAD ($2,984.28 CAD/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Brand New Construction
  • Strong Cash Flow
  • Excellent Location Appeal
  • Attractive Lease Terms
  • Ample Parking & Accessibility

EXECUTIVE SUMMARY

This beautifully constructed, single-tenant Starbucks sits on a meticulously landscaped 0.92-acre lot and features a modern 2,185 SF building with a full drive-thru, a covered outdoor patio seating area, and excellent visibility. The site is well-designed for both convenience and comfort, offering 35 well-lit off-street parking spaces, as well as sidewalks, curbs, and gutters that frame the property. Additional infrastructure includes a 1,500-gallon grease trap, supporting long-term foodservice operations. The property is fully leased to Starbucks Corporation, an investment-grade tenant with no early termination rights, offering secure and predictable income. The lease delivers a starting 5.00% cap rate, with an average 5.5% cap rate over the 10-year primary term, and annual net operating income (NOI) of $198,000.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
1,857 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,541,803 CAD
Price Per SF
$2,984.28 CAD
Cap Rate
5%
NOI
$277,090 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.92 AC
Parking
35 Spaces (18.85 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R438315
Land Assessment
$347,559 CAD
Improvements Assessment
$0 CAD
Total Assessment
$347,559 CAD
  • Listing ID: 37237507

  • Date on Market: 2025-08-12

  • Last Updated:

  • Address: 29 Copper Ct, Durango, CO 81301

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