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Briargate Center 9673 Prominent Pt 18,200 SF 100% Leased Retail Building Colorado Springs, CO 80924 $11,786,082 CAD ($647.59 CAD/SF) 5.75% Cap Rate
Investment Highlights
- E-Commerce Resistant Tenant Line Up | Options To Extend | In-Place Rent Increases
- Surrounding Planned Development | Adjacent Super Target-anchored Center | Close Freeway Access
- Net Leases | Fee Simple Ownership | Minimal Expense Leakage
- Strong Trade Area Demographics | Served by Affluent Residential Neighborhoods
Executive Summary
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 18,200 SF multi-tenant retail strip center located in Colorado Springs, Colorado. The property is 100% occupied by a complementary mix of food and beverage and personal service tenants, creating an e-commerce resistant tenant lineup anchored by three national tenants that provide strong traffic drivers and consumer draw to the asset. The current rent roll includes Domino’s, Sport Clips, Hand & Stone, and Twins Wine & Liquor, and the lease profile offers attractive embedded growth through scheduled rent increases for Domino’s, and Hand & Stone. In addition, Domino’s, Sport Clips, and Hand & Stone all have options to renew, further supporting the stability and long-term income potential of the investment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,200 SF
Building Class
A
Year Built
2015
Price
$11,786,082 CAD
Price Per SF
$647.59 CAD
Cap Rate
5.75%
NOI
$677,690 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.23 AC
Zoning
MX-M - Mixed Use Medium Scale
Parking
74 Spaces (4.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- China Menu Restaurant
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Twin Liquors
- -
- -
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| China Menu Restaurant | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Twin Liquors | - | - | - | - | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Second-generation restaurant space with hood, grease trap, and sufficient power in place
| Space | Size | Space Use | Position | Available |
| 2 | 1,400 SF | Restaurant | In-Line | Now |
2
| Size |
| 1,400 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
2
| Size | 1,400 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
Second-generation restaurant space with hood, grease trap, and sufficient power in place
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 62264-02-025 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,681,459 CAD |
Property Taxes
Parcel Number
62264-02-025
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,681,459 CAD
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Briargate Center | 9673 Prominent Pt
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