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Starbucks -- Gunnison CO 501 W Tomichi Ave 2,624 SF Retail Building Gunnison, CO 81230 $3,735,126 CAD ($1,423.45 CAD/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Partially covered patio with indoor/outdoor fireplace
  • Large interior café
  • Easy access and visibility on Gunnison's main thoroughfare
  • Nicely paved drive through area
  • Ample parking
  • Well-established and reliable Tenant with investment grade credit

EXECUTIVE SUMMARY

Don't miss this chance to own a freestanding Starbucks with a drive-thru and partially covered patio in a prime location on Tomichi Avenue, Gunnison's main thoroughfare. The property features a modern design, ample off-street parking, and cozy indoor/outdoor fireplace. The café measures 2,624 square feet situated on 0.53 acres of land directly on the route between Gunnison Crested Butte Airport and Crested Butte Ski Resort. Starbucks rent commencement began in March of 2024 with a ten (10) year primary term (no early termination) and 10% escalators every five (5) years with four (4) five (5) year renewal options. Day-to-day operations run fairly smooth as they cater to many locals and vehicles that are simply "passing through". This Starbucks presents itself as a very nice pit-stop and acts as a great pick me up to bikers, hikers, and kayakers alike. With a great local school base much of the business goes to satisfy student cravings. This is a great chance to invest in a national brand with a loyal customer base and a proven track record of success.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,624 SF
Building Class
B
Year Built
2024
Price
$3,735,126 CAD
Price Per SF
$1,423.45 CAD
Cap Rate
5%
NOI
$186,756 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
18 Spaces (6.86 Spaces per 1,000 SF Leased)
Frontage
125’ on Tomichi Ave

AMENITIES

  • 24 Hour Access
  • Corner Lot
  • Fireplace
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Air Conditioning
Walk Score®
Very Walkable (80)
Bike Score®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Safeway
CrossFit
City Market
Natural Grocers
  • Listing ID: 30276516

  • Date on Market: 2023-12-04

  • Last Updated:

  • Address: 501 W Tomichi Ave, Gunnison, CO 81230

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