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.