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3204-3208 E Platte Ave 45,828 SF Retail Building Colorado Springs, CO 80909 $11,525,338 CAD ($251.49 CAD/SF) 7.50% Cap Rate
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
This single-tenant property, fully leased to a top RV retailer with a national presence (2nd largest in the country), is positioned along a high-traffic route (42,800+ vehicles daily), maximizing tenant visibility. The space 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:
• Well Below (46%) Replacement Cost (See Page 8)
• 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
• Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this
• New Extension Recently signed through November, 2031
• Over $780k in recent capital improvements
• New roof on the 29k SF sales center
This particular location ranks among the ninth and 12th best performing branches out of 100+ locations nationwide for blue Compass. This is one of only two leases nationwide that has a corporate guarantee as well. Ideal for a 1031 down leg or any investor, wanting long-term appreciation and stability.
We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893.
Some highlights to note:
• Well Below (46%) Replacement Cost (See Page 8)
• 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
• Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this
• New Extension Recently signed through November, 2031
• Over $780k in recent capital improvements
• New roof on the 29k SF sales center
This particular location ranks among the ninth and 12th best performing branches out of 100+ locations nationwide for blue Compass. This is one of only two leases nationwide that has a corporate guarantee as well. Ideal for a 1031 down leg or any investor, wanting long-term appreciation and stability.
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
Building Size
45,828 SF
Building Class
C
Year Built/Renovated
1975/2022
Price
$11,525,338 CAD
Price Per SF
$251.49 CAD
Cap Rate
7.50%
NOI
$864,400 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
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
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $1,151,241 CAD | |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,151,241 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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3204-3208 E Platte Ave
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