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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



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
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)
NEARBY MAJOR RETAILERS
1 of 22
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Presented by
Cache Development
Starbucks -- Gunnison CO | 501 W Tomichi Ave
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