5490-5510 Powers Center Pt - Retail FOR SALE


Colorado Springs, CO 80920- Briargate | 
$6,200,000 USD
303-974-5893
5490-5510 Powers Center Pt, Colorado Springs, CO for Sale
$6,200,000 USD
Retail - FOR SALE
1/27
null | 7.01% Cap Rate

5490-5510 Powers Center Pt
Colorado Springs, CO 80920
Briargate


HIGHLIGHTS

  • 16,000 SF retail center with six tenants; projected 100% occupancy includes the Springs Dance expansion
  • Contractual rent increases during the projected Year One period
  • 2026 tenant commitments include the Springs Dance expansion and Pies & Grinders amendment
  • Powers Boulevard and Research Parkway location near Wolf Ranch
  • Average household income of $156,471 within one mile (2023 ACS)

OVERVIEW

The Shops at Powers & Research is a 16,000 SF retail center at Powers Boulevard and Research Parkway in northeast Colorado Springs. The six-tenant mix includes restaurants, dance instruction, insurance and personal services. The offering reflects the Springs Dance expansion to 5,600 SF and projected full occupancy. Projected Year One NOI of $434,574 covers February 1, 2027 through January 31, 2028 and includes no vacancy allowance. The property is located at Powers Boulevard and Research Parkway in northeast Colorado Springs, near the Wolf Ranch master-planned community. The Powers corridor connects the center with surrounding residential neighborhoods, national retailers and medical facilities, including UCHealth Memorial Hospital North and St. Francis Hospital.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$388 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops at Powers & Research

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

PBC

APN/PARCEL ID

62364-01-004,63011-10-113

ASK ABOUT THIS PROPERTY

Kevin MatthewsSVN | Denver CommercialMore Info
303-974-5893

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Kevin MatthewsSVN | Denver CommercialMore Info
303-974-5893

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