Property Overview
Price/Rent PSF $ 4,230,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 9,018
Date Available 06/25/2019
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Parking 101
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User expired on 03/15/2019

Description

Location
Well located in an extremely desirable sub-market in Colorado Springs, the Northgate Plaza Shops are surrounded by national retailers and the most affluent developments in the Colorado Springs MSA. The property is less than 1 mile from Interstate 25 and the north entrance to the Air Force Academy. Interstate 25 is being expanded via Powers Blvd, just to the south of the property which will bring a large increase in an already extremely active area. Notable tenants in the surrounding sub-market include Sprouts, Ace Hardware, Bass Pro Shops, Carl's Jr, Chick Fil A, Bourbon Brothers, UC Health, Sprint, and many more!

Sale
As the exclusive agent for the seller, SVN is proud to present to qualified investors the opportunity to acquire 100% occupied Class A retail shops that are directly adjacent and shadow anchored by an incredibly successful Sprouts market. The property is surrounded by national credit tenants and resides in one of the most desirable shopping centers in Colorado Springs. The rent roll features staggered lease expiration's with an e-commerce resistant tenant mix. The subject property gives an investor the opportunity to purchase pride of ownership retail property with an attractive initial return on equity of over 10%.

Location