NEC Constitution Avenue & Marksheffel Road - Auto Repair FOR SALE


Colorado Springs, CO 80951
$1,900,000 USD
303-328-2048
NEC Constitution Avenue & Marksheffel Road, Colorado Springs, CO for Sale
$1,900,000 USD
Auto Repair - FOR SALE
1/4

NEC Constitution Avenue & Marksheffel Road
Colorado Springs, CO 80951


HIGHLIGHTS

  • LOW PRICE POINT LONG-TERM NET LEASE INVESTMENT
  • ACROSS THE STREET FROM TOP PERFORMING KING SOOPERS MARKETPLACE
  • CORPORATE GUARANTY FROM RAPIDLY GROWING VALVOLINE, INC. – 2,045 LOCATIONS
  • BANNING LEWIS RANCH - EXPANSIVE RESIDENTIAL GROWTH IN EASTERN COLORADO SPRINGS
  • PRIMARY SOUTHEASTERN COLORADO SPRINGS INTERSECTION

OVERVIEW

LOW PRICE POINT LONG-TERM NET LEASE INVESTMENT Valvoline will occupy the subject property on a 15-year absolute triple-net ground lease with zero landlord responsibility. The lease features scheduled 10% rental increases every five years and four five-year extension options. ACROSS THE STREET FROM TOP PERFORMING KING SOOPERS MARKETPLACE A 124,000 SF King Soopers Marketplace anchors Claremont Ranch Marketplace just south of the subject property. The Kings location is the chain’s most visited store within Colorado Springs, seeing 1.7 million visits in the last twelve months (Placer.ai). King Soopers Marketplace locations drive additional commercial and residential development to their surrounding area. CORPORATE GUARANTY FROM RAPIDLY GROWING VALVOLINE, INC. – 2,045 LOCATIONS Valvoline, Inc. is a publicly traded company (NYSE: VVV) that generated $3.1 billion in system-wide sales during FY 2024. In Q1 of this year, Valvoline recorded net store growth of 155 locations, supporting their 18 consecutive years of same-store sales growth. In February of 2025, Valvoline announced their $630 million acquisition of Oil Changes, Inc. The transaction will increase the brands footprint to over 2,200 locations. BANNING LEWIS RANCH - EXPANSIVE RESIDENTIAL GROWTH IN EASTERN COLORADO SPRINGS Banning Lewis Ranch is a 24,000-acre master development that spans almost a third of Colorado Springs eastern border. By 2040, the master development predicts to attract over 140,000 new residents with over 60,000 total housing units. The subject property and surrounding retail are located at the gateway to the Banning Lewis Ranch Trade Area. PRIMARY SOUTHEASTERN COLORADO SPRINGS INTERSECTION The subject property is just off the corner of Marksheffel and Constitution, which sees over 35,000 VPD. Claremont Ranch Marketplace anchors this intersection with King Soopers Marketplace and 12 retail buildings including Brakes Plus, O’Reilly, Subway, a car wash, Ent Credit Union, and more essential retailers. The intersection also features a brand new 266-unit multi-family development, The Citizen on Constitution.

FOR SALE DETAILS

PRICE

$1,900,000 USD

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Valvoline

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Drew IsaacMarcus & MillichapMore Info
303-328-2048

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Drew IsaacMarcus & MillichapMore Info
303-328-2048

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