1990 S Academy Blvd - Department Store FOR SALE


Colorado Springs, CO 80916- SE Colorado Springs
$2,724,521 USD
720-528-6308
1990 S Academy Blvd, Colorado Springs, CO for Sale
$2,724,521 USD
Department Store - FOR SALE
1/4
null | Request Cap Rate

1990 S Academy Blvd
Colorado Springs, CO 80916
SE Colorado Springs


HIGHLIGHTS

  • High Exposure Retail Location - monument signage and compelling traffic counts in excess of 51,000 daily traffic counts
  • Synergy and cross-over traffic generated by nearby retailers including Walmart Neighborhood Market, the #4 Most Visited Chain location in Colorado
  • Upside Potential - Value-Add through re-tenanting or redevelopment of junior box space, vacated by Big Lots

OVERVIEW

CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire 1990 South Academy (the “Property”), a vacant junior box unit at Chelton Center, a neighborhood shopping center in Colorado Springs, Colorado. The Property features 24,625 SF that has been vacated by Big Lots. 1990 South Academy is strategically positioned on Chelton Road and South Academy Boulevard, a major north-south traffic artery through Colorado Springs with exposure to over 51,000 vehicles per day. The Property meets all the necessary fundamentals of a viable retail destination and benefits from the premier visibility and consumer traffic volumes from the surrounding trade area including major industrial retailers, two major military bases and the Colorado Springs Airport. The trade area offers strong demographic densities with over 101,100 residents and 101,400 daytime population within a 3-mile radius of the Property. 1990 South Academy is being offered free and clear and on an as-is, where-is basis.

FOR SALE DETAILS

PRICE

$2,724,521 USD

PRICE/SF

$111 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

PBC CU AO

APN/PARCEL ID

64271-21-010

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
720-528-6308

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Matt HenrichsCBRE, Inc.More Info
720-528-6308

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