CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire The Crossroads at Monument ("The Property"), an unanchored strip center located in one of Colorado's most highly affluent trade areas. The Property consists of two multi-tenant strip center buildings totaling 23,397 square feet that are currently 100% triple-net leased and separately parceled.
The Crossroads at Monument is ideally located immediately north of Colorado Springs and approximately 50 miles south of downtown Denver. The Property is positioned at the signalized intersection of Hwy 105 and Woodmoor Drive just off of I-25, Colorado's major interstate, with combined drive-by exposure to over 90,000 vehicles per day. Population densities within a 3-mile radius of the Property feature more than 26,799 residents with $193,521 average household incomes. The location meets all the necessary fundamentals of a viable retail destination and benefits from the premier visibility and traffic volumes at the intersection with synergy to surrounding retailers.
The Crossroads at Monument is being offered free and clear of existing debt and provides investors the rare opportunity to acquire an unanchored strip center in one of Colorado's most highly-affluent communities.