1370 N Newport Rd - Flex FOR SALE


Colorado Springs, CO 80916
$1,850,000 USD
513-300-0763
1370 N Newport Rd, Colorado Springs, CO for Sale
$1,850,000 USD
Flex - FOR SALE
1/7
null | 5.7% Cap Rate

1370 N Newport Rd
Colorado Springs, CO 80916


OVERVIEW

Introducing a prime investment opportunity at 1370 N. Newport Rd., Colorado Springs, CO! This property boasts a long-term lease with Sherwin-Williams, a global industry leader with a solid financial standing. The Sherwin-Williams store at this location serves as a vital resource for professionals in Colorado Springs, providing a wide range of painting and coating products along with floor covering services. Conveniently situated near the Colorado Springs Airport, this property is ideally located in a dynamic and growing city with a population nearing 500,000 residents. With a below-market rent and a blue-chip tenant, this investment offers a compelling opportunity. The current lease includes attractive rent increases and renewal options, ensuring a stable and lucrative income stream for the savvy investor. Don't miss out on this chance to own a property with a renowned tenant and strong potential for growth in a thriving market.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$148 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Airport Powers Business Centre I

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.14

LAND SF

49,658

ZONING

PIP,Colorado Springs

APN/PARCEL ID

64240-08-008

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.