Property Overview
Price/Rent PSF $ 4,440,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 9,018
Date Available 01/23/2020
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Parking 101
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Description

Location
Well located in the most desirable sub-market in Colorado Springs, the Northgate Plaza Shops are surrounded by national retailers and brand new rooftops. The property is less than 1 mile from Interstate 25 and the north entrance to the Air Force Academy. A new I-25 interchange is underway, which will connect to Powers Blvd, which will further increase traffic to this already active area. Notable tenants in the surrounding sub-market include Bass Pro Shops, Sprouts Farmers Market, Ace Hardware, Chick Fil A, Bourbon Brothers, UC Health, and many more!

Sale
As the exclusive agent for the seller, SVN is proud to present the opportunity to acquire a 100% occupied Class A retail center directly adjacent and shadow-anchored by an incredibly successful Sprouts Farmers Market. The Northgate Plaza Shops are surrounded by national credit tenants and resides in one of the most desirable shopping centers in Colorado Springs. The property features an excellent mix of e-commerce resistant tenants with only one tenant rolling over during the next 7 years, and no rollover during the next 3 years. Northgate Plaza is a true pride of ownership asset with fantastic curb appeal and an attractive initial ROE of over 10.63%.

Location