1706-1796 Lake Woodmoor Dr - Freestanding FOR SALE


Monument, CO 80132
$7,600,000 USD
720-528-6308
1706-1796 Lake Woodmoor Dr, Monument, CO for Sale
$7,600,000 USD
Freestanding - FOR SALE
1/13
null | 7.2% Cap Rate

1706-1796 Lake Woodmoor Dr
Monument, CO 80132


HIGHLIGHTS

  • Long Term Occupancy and Rent Roll Opportunities - Tenants accounting for 70% of revenue have been at the Center for 10+ years
  • Neighborhood Gathering Place with Service and Convenience-oriented tenancies
  • Convenient Access and Visibility - strategic position at the doorstep to Monument's highly-affluent Woodmoor neighborhood
  • Recent Long Term Leaess from Pikes Peak Brewing and Pikes Peak Library - account for 57% of the Property's Revenue

OVERVIEW

CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire Woodmoor Center ("The Property"), a neighborhood retail center located in Monument's highly affluent Woodmoor neighborhood. The Property consists of a retail facility that totals 35,851-square feet and currently 96.3% triple-net leased to eight tenants with one existing 1,325-square foot vacancy. Woodmoor Center is strategically positioned with convenient access from Interstate-25 and Highway 105 along Lake Woodmoor Drive at the entrance to Monument’s Woodmoor community. The Property serves as a quintessential neighborhood gathering center with commercial users that offer food & beverage, health & fitness, daily needs and community services. The majority of the tenants have enjoyed successful, long-term occupancies at the Property, and both Pikes Peak Library and Pikes Peak Brewing Co. have recently executed new long-term lease extensions. Woodmoor Center is being offered for sale for the first time in 25 years and provides a rare opportunity to acquire a neighborhood retail center in one of Colorado's most highly-affluent communities.

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodmoor Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

227

LAND DETAILS

LAND ACRES

5.93 AC

LAND SF

258,211 SF

ZONING

C-2

APN/PARCEL ID

71142-05-003

ASK ABOUT THIS PROPERTY

Matt HenrichsCBRE, Inc.More Info
720-528-6308

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Matt HenrichsCBRE, Inc.More Info
720-528-6308

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