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The Shops at Academy Place 5190 N Academy Blvd 6,441 SF 100% Leased Retail Building Colorado Springs, CO 80918 $5,277,595 CAD ($819.38 CAD/SF) 6.25% Cap Rate
Executive Summary
THRIVE Commercial Partners is pleased to present the opportunity to purchase this well-positioned (Target outparcel), fully leased three-tenant, NNN asset in the heart of Colorado Springs, CO.
Perfectly positioned in central Colorado Springs with some of the highest population densities in the county, which well-serves the tenant mix. The property sits less than 10 minutes to I-25 and less than 5 minutes to University of Colorado Springs, providing traffic counts among the highest in Colorado Springs.
Perfectly positioned in central Colorado Springs with some of the highest population densities in the county, which well-serves the tenant mix. The property sits less than 10 minutes to I-25 and less than 5 minutes to University of Colorado Springs, providing traffic counts among the highest in Colorado Springs.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,441 SF
Building Class
B
Year Built/Renovated
1985/2017
Price
$5,277,595 CAD
Price Per SF
$819.38 CAD
Cap Rate
6.25%
NOI
$329,850 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.37 AC
Zoning
PBC - Colorado Springs
Parking
80 Spaces (12.42 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 63211-15-019 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $633,257 CAD |
Property Taxes
Parcel Number
63211-15-019
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$633,257 CAD
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The Shops at Academy Place | 5190 N Academy Blvd
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