9673 Prominent Pt - Storefront FOR SALE


Colorado Springs, CO 80924- Wolf Ranch
$8,679,000 USD
949-547-2213
9673 Prominent Pt, Colorado Springs, CO for Sale
$8,679,000 USD
Storefront - FOR SALE
1/9
null | 5.75% Cap Rate

9673 Prominent Pt
Colorado Springs, CO 80924
Wolf Ranch


HIGHLIGHTS

  • E-Commerce Resistant Tenant Line Up | Options To Extend | In-Place Rent Increases
  • Net Leases | Fee Simple Ownership | Minimal Expense Leakage
  • Surrounding Planned Development | Adjacent Super Target-anchored Center | Close Freeway Access
  • Strong Trade Area Demographics | Served by Affluent Residential Neighborhoods

OVERVIEW

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 18,200 SF multi-tenant retail strip center located in Colorado Springs, Colorado. The property is 100% occupied by a complementary mix of food and beverage and personal service tenants, creating an e-commerce resistant tenant lineup anchored by three national tenants that provide strong traffic drivers and consumer draw to the asset. The current rent roll includes Domino’s, Sport Clips, Hand & Stone, and Twins Wine & Liquor, and the lease profile offers attractive embedded growth through scheduled rent increases for Domino’s, and Hand & Stone. In addition, Domino’s, Sport Clips, and Hand & Stone all have options to renew, further supporting the stability and long-term income potential of the investment.

FOR SALE DETAILS

PRICE

$8,679,000 USD

PRICE/SF

$477 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Briargate Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

74

LAND DETAILS

CROSS STREETS

Briargate Pkwy

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

MX-M

APN/PARCEL ID

62264-02-025

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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