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Investment Highlights

  • • Well Below (46%) Replacement Cost
  • • Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this
  • • Over $780k in recent capital improvements
  • • Asking Price Reduced to $8,290,000 | NOI of $621,893
  • • New roof on the 29k SF sales center
  • • New Extension Recently signed through November, 2031

Executive Summary

Excellent single-tenant NNN leased offering in one of the hottest markets in the country. Blue Compass RV, with over 100 locations nationwide (2nd largest RV Dealership in the country), and located along a high-traffic route (42,800+ vehicles daily), maximizing tenant visibility. This location supports both retail and service operations, ideal for the tenant's large-scale dealership model. With a new lease extension through November 2031, this property offers consistent income potential and a secure, long-term return in the expanding South Central Colorado Springs market.
We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893.
Some highlights to note:
• Land Value Alone - $33/SF
• Asking Price Reduced to $8,290,000 | NOI of $621,893
• Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
• Located in Densely Populated Area
• Corporate Guarantee
• New Extension Recently signed through November, 2031
• Over $780k in recent capital improvements

This particular location consistently ranks among the 9th and 12th best performing branches out of 100+ locations nationwide for Blue Compass. Ideal for a 1031 down leg or any investor wanting long-term appreciation and stability.

Matterport 3D Tour

Explore 3204 E Platte Avenue

Attachments

View the 3204 - 3208 E Platte Avenue OM
View the 204 E Platte Avenue Site Plan

Financial Summary (Actual - 2026) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
45,828 SF
Building Class
C
Year Built/Renovated
1975/2022
Price
$11,664,030 CAD
Price Per SF
$254.52 CAD
Cap Rate
7.50%
NOI
$874,802 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
5.60 AC
Opportunity Zone
Yes
Zoning
MX-L - MIXED-USE LARGE SCALE
Parking
283 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
586’ on DON JUAN Ct

Amenities

  • Bus Line
  • Fenced Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2025 Population
15,266
124,732
280,787
2030 Population
15,536
126,912
285,967
2025-2030 Projected Population Growth
1.8%
1.8%
1.8%
Median Age
36.6
36.0
36.4
College Degree + Higher
17%
25%
28%
Daytime Employees
9,947
64,941
152,701
Total Businesses
1,289
9,548
20,293
Average Household Income
$67,810
$81,271
$88,839
Median Household Income
$50,385
$64,588
$69,977
Total Consumer Spending
$161.5M
$1.5B
$3.5B
2025 Households
6,638
52,336
115,911
Average Home Value
$356,404
$409,122
$428,560
$ values in USD

Nearby Major Retailers

CrossFit
the Human Bean
Wells Fargo Home Mortgage
Perkins
IHOP
Starbucks
Safeway
Academy Bank
Storage Sense
UMB Bank

Property Taxes

Property Taxes

Parcel Number
64103-21-049
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,098,937 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
  • Listing ID: 33309940

  • Date on Market: 2024-09-26

  • Last Updated:

  • Address: 3204-3208 E Platte Ave, Colorado Springs, CO 80909

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