1303 Royal Gorge Boulevard

GREAT 1031 EXCHANGE OPTION! Outstanding location on 22,000 VPD major highway and the #8 most visited Starbucks location out of 222 locations in Colorado. A net leased Corporate Starbucks with a current NOI of $130,888 (5.85% CAP rate) approximately 4.5 years remaining featuring four 5-year options with 10% increases in the base term and no early termination. The property is the only drive-thru Starbucks within 35 miles with strong neighboring tenants including Safeway, Walgreens, Dollar Tree, Natural Grocers, and more. Cañon City is located 43 miles southwest of Colorado Springs and is hom...