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The Shops at Woodmen Plaza | 3-Tenant Strip 3502 Hartsel Dr 10,000 SF 100% Leased Retail Building Colorado Springs, CO 80920 $6,474,346 CAD ($647.43 CAD/SF) 5.75% Cap Rate



Investment Highlights
- E-Commerce Resistant Tenant Line Up | Options To Extend | Rent Increases
- Out Parcel to King Soopers-anchored Center | Active Retail Corridor
- Net Leases | Fee Simple Ownership | Minimal Expense Leakage
- Strong Demographics In 3-Mile Trade Area | Residential Concentration
Executive Summary
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 10,000 SF 3-tenant retail strip center, The Shops at Woodmen Plaza, located in Colorado Springs, Colorado. The property is 100% occupied by an e-commerce resistant food and beverage-oriented tenant lineup consisting of Mama Poke, Little Caesars, and Woodmen Wine & Liquor. The lease profile provides attractive embedded growth, with scheduled rent increases for Mama Poke and Little Caesars, while Mama Poke and Woodmen Wine & Liquor each have renewal options at fixed rent increases, further supporting the long-term durability of the income stream. The asset features net leases, with tenants reimbursing CAM, taxes, insurance, and their share of management costs, creating a low-management investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,000 SF
Building Class
B
Year Built
2002
Price
$6,474,346 CAD
Price Per SF
$647.43 CAD
Cap Rate
5.75%
NOI
$372,299 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.06 AC
Zoning
MX-L - Mixed Use Large Scale
Parking
31 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Monument Signage
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 63101-11-028 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $842,933 CAD |
Property Taxes
Parcel Number
63101-11-028
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$842,933 CAD
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The Shops at Woodmen Plaza | 3-Tenant Strip | 3502 Hartsel Dr
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