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1820 Zebulon Dr
Colorado Springs, CO 80910
Colorado Behavior and Learning Group · Retail Property For Sale
Investment Highlights
- Brand new 12-year NNN lease with 3% annual rent increases and corporate guaranty.
- Tenant is a leading behavioral health provider with seven locations and full capacity operations.
- Recently completed $300,000+ renovation including interior and exterior upgrades.
Executive Summary
This offering features a single-tenant, net-leased medical property occupied by Colorado Behavior & Learning Group under a new 12-year NNN lease. The property has undergone a $300,000+ full remodel to meet tenant specifications, including interior upgrades, exterior improvements, and new fencing. The tenant is a well-established behavioral health provider operating seven locations across Colorado, specializing in Applied Behavior Analysis services.
The investment provides a stable income stream with a corporate guaranty, 3% annual rent escalations, and a strong rent-to-sales ratio. Located in Colorado Springs, the property benefits from a resilient local economy driven by military, aerospace, and defense sectors, as well as a growing healthcare industry. The surrounding area offers strong demographics, with over 106,000 residents within a 3-mile radius and proximity to major retailers, schools, and transportation corridors.
The investment provides a stable income stream with a corporate guaranty, 3% annual rent escalations, and a strong rent-to-sales ratio. Located in Colorado Springs, the property benefits from a resilient local economy driven by military, aerospace, and defense sectors, as well as a growing healthcare industry. The surrounding area offers strong demographics, with over 106,000 residents within a 3-mile radius and proximity to major retailers, schools, and transportation corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
4,714 SF
Building Class
C
Year Built
1979
Price
$2,256,857 CAD
Price Per SF
$478.76 CAD
Cap Rate
7.25%
NOI
$163,622 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.50 AC
Zoning
R-5 AO
Parking
15 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
86’ on Zebulon Dr
Amenities
- Bus Line
Property Taxes
| Parcel Number | 64271-20-012 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $245,704 CAD |
Property Taxes
Parcel Number
64271-20-012
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$245,704 CAD
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