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3690 New Center Pt - First & Main Town Center, Colorado Springs, CO

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3690 New Center Pt - First & Main Town Center

Colorado Springs, CO 80922 - Northeast Ret Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:2008
Building Size:3,290 SF Land Area:.67 AC (29,185 SF)
For Sale Price:$1,063,630 Price/SF:$323.29
Cap Rate:6.00 %
Parking:Free Surface spaces

Sale Notes:
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 including Cinemark and IMAX theaters. Located just off the intersection of Powers Boulevard and North Carefree Circle, this site is ideally located within the Colorado Springs market.

Colliers International
David Borinstein
(415) 288-7874

Colliers International
Jay Landt
(303) 283-4569

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