3204-3208 E Platte Ave - Auto Dealership FOR SALE


Colorado Springs, CO 80909- Knob Hill
$8,290,000 USD
303-321-5888
3204-3208 E Platte Ave, Colorado Springs, CO for Sale
$8,290,000 USD
Auto Dealership - FOR SALE
1/38
null | 7.5% Cap Rate

3204-3208 E Platte Ave
Colorado Springs, CO 80909
Knob Hill


HIGHLIGHTS

  • • Well Below (46%) Replacement Cost
  • • Asking Price Reduced to $8,290,000 | NOI of $621,893
  • • Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this
  • • New roof on the 29k SF sales center
  • • Over $780k in recent capital improvements
  • • New Extension Recently signed through November, 2031

OVERVIEW

This single-tenant property, fully leased to a top RV retailer with a national presence (2nd largest in the country), is positioned along a high-traffic route (42,800+ vehicles daily), maximizing tenant visibility. The space supports both retail and service operations, ideal for the tenant's large-scale dealership model. With a new lease extension through November 2031, this property offers consistent income potential and a secure, long-term return in the expanding South Central Colorado Springs market. We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893. Some highlights to note: • Well Below (46%) Replacement Cost (See Page 8) • Asking Price Reduced to $8,290,000 | NOI of $621,893 • Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd • Located in Densely Populated Area • Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this • New Extension Recently signed through November, 2031 • Over $780k in recent capital improvements • New roof on the 29k SF sales center This particular location ranks among the ninth and 12th best performing branches out of 100+ locations nationwide for blue Compass. This is one of only two leases nationwide that has a corporate guarantee as well. Ideal for a 1031 down leg or any investor, wanting long-term appreciation and stability.

FOR SALE DETAILS

PRICE

$8,290,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Storefront Retail/Office, Showroom, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

283

LAND DETAILS

LAND ACRES

5.6 AC

LAND SF

243,936 SF

ZONING

MX-L

APN/PARCEL ID

64103-21-048,64103-21-049

ASK ABOUT THIS PROPERTY

Earl DuffyUnique Properties, Inc.More Info
303-321-5888

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Earl DuffyUnique Properties, Inc.More Info
303-321-5888

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