Pinnacle Announces the Sale of Starbucks Coffee in Conifer, Colorado

Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of Starbucks at 26724 Conifer Town Center Drive located in Conifer, Colorado. This 2,000 square foot single tenant retail property was built in 2007. The property sold on July 23, 2015 for $1,115,000 or $558 per square foot.  Matt Ritter, Jeff Johnson, Cody Stambaugh, and Peter Sengelmann with the Johnson Ritter Team, represented the seller and Paul Schneider, Mark Goodman, and Chase Grimes represented the buyer in the transaction.

“The Starbucks located at Conifer Town Center is a great investment opportunity for the new owner with a high volume of customers traveling daily from Conifer to Denver as it is the only drive through coffee shop servicing the area. The business should continue to do well and turn into a smart long term investment for the buyer,” stated Matt Ritter, principal at Pinnacle Real Estate Advisors.