1614 S Academy Blvd - Storefront FOR SALE


Colorado Springs, CO 80916
$2,825,000 USD
719-570-9000
1614 S Academy Blvd, Colorado Springs, CO for Sale
$2,825,000 USD
Storefront - FOR SALE
1/9
null | 6.75% Cap Rate

1614 S Academy Blvd
Colorado Springs, CO 80916


HIGHLIGHTS

  • The asset benefits from the traffic generated by the Walmart Neighborhood Market shadow anchor provides exposure for the patrons at this site.
  • Strategically located just off of major thoroughfares of Academy Blvd., East Fountain Blvd., Chelton Rd and S. Murray Blvd.
  • Income investors will benefit from the stable cashflow with no lease rollovers until 2026.
  • Academy Commons is surrounded by national businesses with solid mix of e-commerce resistant tenants consisting of restaurants and service based users.
  • Large Monument sign for property placed directly on S Academy Blvd.

OVERVIEW

Introducing ACADEMY COMMONS located at 1416 S ACADEMY BLVD, COLORADO SPRINGS, CO 80916! This prime retail property is a neighborhood shopping center offering 9,600 SF of space on a 1.32-acre lot, featuring 5 units with 100% occupancy. Priced at $2,825,000 with a cap rate of 6.75%, the property boasts a stable cash flow with no tenant turnover until 2026. With a strategic location near major thoroughfares and the Walmart Neighborhood Market shadow anchor, ACADEMY COMMONS benefits from high traffic and excellent exposure. The property is home to a mix of e-commerce-resistant tenants, including restaurants and service-based users, ensuring a steady income stream for investors. Don't miss this opportunity to acquire a fully stabilized retail strip center in a premier retail district, offering a stable cash flow and a desirable location for businesses. Contact us today for more information!

FOR SALE DETAILS

PRICE

$2,825,000 USD

PRICE/SF

$294 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Retail Investment - Academy Commons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

PBC

APN/PARCEL ID

64271-11-073

ASK ABOUT THIS PROPERTY

Rob RolleyRE/MAX Properties, Inc.More Info
719-570-9000

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Rob RolleyRE/MAX Properties, Inc.More Info
719-570-9000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.