2050 Southgate Rd - Storefront CONDO FOR SALE


Colorado Springs, CO 80906- Cheyenne Hills
$6,955,500 USD
303-974-5893
2050 Southgate Rd, Colorado Springs, CO for Sale
$6,955,500 USD
Storefront CONDO - FOR SALE
1/11
null | 7.4% Cap Rate

2050 Southgate Rd
Colorado Springs, CO 80906
Cheyenne Hills


OVERVIEW

As the Exclusive Agent for the seller, SVN Denver is proud to present this long-term single-tenant investment opportunity. The subject property is located in the popular Broadmoor Towne Center with 9 years +/- remaining on the lease with Big R, which operates 39 successful locations across CO, NM, KS, OK, and TX. Big R's initial rent/sf is below market, currently at $11/sf. National tenants adjacent to the property include Home Depot, Ross, PetSmart, Michael’s, Red Robin, Chipotle, Ulta, and Old Navy. The subject Big R is located in the popular Broadmoor Town Center at the SWC of Nevada Ave (aka CO Hwy 115) & Lake Ave, averaging over 60,000 vehicles per day, just east of I25 in Southeast Colorado Springs. The Broadmoor Towne Center is the premier shopping destination near the legendary 5-star/5-diamond Broadmoor resort.

FOR SALE DETAILS

PRICE

$6,955,500 USD

PRICE/SF

$149 USD /SF

CAP RATE

7.4%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

145,270 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

400

LAND DETAILS

LAND ACRES

9.74 AC

LAND SF

424,274 SF

ZONING

C5

APN/PARCEL ID

64304-06-020,64304-06-021

ASK ABOUT THIS PROPERTY

Kevin MatthewsSVN | Denver CommercialMore Info
303-974-5893

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

Kevin MatthewsSVN | Denver CommercialMore Info
303-974-5893

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