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3654 Austin Bluffs Parkway - Marketplace At Austin Bluffs, Colorado Springs, CO

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3654 Austin Bluffs Parkway - Marketplace At Austin Bluffs

Colorado Springs, CO 80918-6631 - North Ret Submarket


Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:2009
Building Size:3,290 SF Land Area:.82 AC (35,811 SF)
For Sale Price:$1,046,993 Price/SF:$318.23
Cap Rate:6.00 %
Parking:Free Surface spaces are available
Features:Drive Thru


• Part of a new Shopping Center anchored by King Soopers, Office Depot, Ace Hardware, and 24 Hour
Fitness
• Newer Construction 2009
• 3,200 SF fast food restaurant on 35,811 SF Parcel
• Located near busy Austin Bluffs and Academy Intersection (99,000 cars/day)
• Terms: 20 years ground lease with escalations every 5 years
$95,000/year NNN

Sale Notes:
$1,046,993

Description
This is a cash flow only ground lease interest offering a 6% discount rate over the roughly 12-year term. The tenant is a large 20+ unit franchisee that has been in the business for over 25 years.

Strong retail synergy with a large number of nearby national retail tenants. Located just off the primary intersection of Austin Bluffs and Academy Boulevard in the Marketplace at Austin Bluffs

Colliers International
David Borinstein
(415) 288-7874

  
Colliers International
Jay Landt
(303) 283-4569




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