Investment sale · Free Standing Building
Black Rock Coffee
Fillmore St & Sage St
2933 Sage St, Colorado Springs, CO 80907
- Price
- $2,695,500
- Cap rate
- 5.75%
- NOI
- $155,000
- Building Size
- 735 SF
- Tenancy
- STNL
- Traffic
- 32,247 VPDon Fillmore St
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About this opportunity
Listed by Isaiah Clayton and Chad Tiedeman, Phoenix Commercial Advisors.
The site
| Property type | Retail · Free Standing Building |
|---|
Trade area
| Trade area | |
|---|---|
| Population | 528,243 |
| Households | 212,528 |
| Average household income | $118,012 |
2026 estimates for the property's trade area.
Highlights
- Long term, 15-year lease which is corporately guaranteed by Black Rock Coffee (NASDAQ: BRCB), with 18 years in the business and ±190 stores across 7 states
- Absolute NNN means that there are ZERO landlord responsibilities, making this a truly passive and hands-off investment
- The building is brand-new construction and features a double drive-thru and walk-up window and patio, limiting tenant overhead and maximizing customer potential
- The investment boasts solid 10% rent bumps every five years through both the primary and option periods, hedging against inflation and providing predictable revenue growth
- Black Rock Coffee continues to deliver strong results as a public company, posting 25% revenue growth to $63M in Q2 2026
- Located right off I-25 with ±152,366 VPD; I-25 is the main interstate in Colorado, running north and south and connecting Colorado Springs to Denver and beyond
- Surging infill location with ±1,477 new residential units within 2.5 miles of the site, including ±1,022 units delivered in 2024 alone, with 220+ additional units entitled
- The property is extremely visible from Fillmore Street with ±32,247 VPD and sits on the going-to-work side of the street
- Located in Colorado Springs where the average household income is over $118,000
- Colorado Springs is home to United States Army Post Fort Carson, Schriever Air Force Base, Peterson Space Force Base, Cheyenne Mountain Space Force Base, and the United States Air Force Academy
Property overview
Black Rock Coffee | 5.75 Cap | 735 SF + Double Drive-Thru | Absolute NNN Lease
Black Rock Coffee is located along Sage Street; situated on the east side; just south of Fillmore Street.
Location2933 Sage St, Colorado Springs, CO 80907
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