3506-3536 N Academy Blvd - Freestanding FOR SALE


Colorado Springs, CO 80917- Palmer Park | 
$7,775,000 USD
970-412-8245
3506-3536 N Academy Blvd, Colorado Springs, CO for Sale
$7,775,000 USD
Freestanding - FOR SALE
1/9
null | 7.5% Cap Rate

3506-3536 N Academy Blvd
Colorado Springs, CO 80917
Palmer Park


HIGHLIGHTS

  • ?Strategically located on North Academy Boulevard - the main non-interstate, north-south traffic artery in Colorado Springs running the entire length
  • ?Positioned at the hard corner, fully-lighted intersection of North Academy Boulevard and North Carefree Circle with multiple ingress/egress points .
  • Traffic volumes exceed 65,000 vehicles per day

OVERVIEW

Marketing Description: CBRE National Retail Partners - Mountain is pleased to present the opportunity to acquire Carefree Plaza (the “Property”), a 50,356 square foot infill shopping center strategically located along Colorado Springs’ North Academy Boulevard trade area.? Carefree Plaza is comprised of two well-configured multi-tenant strip buildings and a mixed-use retail/office building and currently 84.23% occupied to a diversified tenant mix.? The Property commands a prime position along North Academy Boulevard, one of Colorado Springs’ most heavily trafficked retail corridors, and benefits from a prominent hard-corner, signalized intersection at North Carefree Circle.? This advantageous location is enhanced by national retailers in the immediate trade area, including King Soopers, Walmart Neighborhood Market, Ross, Ace Hardware, Walgreens, and CVS Pharmacy.? These established brands generate significant synergy and drive substantial cross-over traffic to the Property and surrounding trade area.? Carefree Plaza enjoys unparalleled access and visibility, with North Academy Boulevard and North Carefree Circle experiencing combined traffic volumes exceeding 65,000 vehicles per day.? Carefree Plaza is being offered free and clear and on an “as-is, where-is” basis.?

FOR SALE DETAILS

PRICE

$7,775,000 USD

PRICE/SF

$390 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carefree Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Carefree

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

MX-M/CR

APN/PARCEL ID

63274-09-025

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
970-412-8245

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Matt HenrichsCBRE, Inc.More Info
970-412-8245

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