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Investor pays $2.74 million for Starbucks building

Arapahoe County

Property Location: 11703 E. Arapahoe Road, Englewood

Property Description: 2,022-sf free-standing Starbucks coffee shop, YOC 2017

Land Size: 1.46 acres

Sales Price: $2.74M, or $1,355 psf

Reception No.: D8011419

Closing Date: 1/29

Grantor: Confluent Development LLC

Grantee: Arapabucks LLC

Comments: This is 10-year lease with four five-year options with an in-place cap rate of 4.9%. This investment was sold by the CBRE retail team headed by Matt Henrichs, 720-528-6308.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.