1729-1793 Lake Woodmoor Dr - Retail FOR SALE


Monument, CO 80132
$7,700,000 USD
720-528-6308
1729-1793 Lake Woodmoor Dr, Monument, CO for Sale
$7,700,000 USD
Retail - FOR SALE
1/6
null | 7.15% Cap Rate

1729-1793 Lake Woodmoor Dr
Monument, CO 80132


HIGHLIGHTS

  • Exceptional Tenant Mix with Attractive Net Lease Structures - 100% NNN Leased to a diverse tenant mix
  • Irreplaceable Real Estate Fundamentals - positioned at the Highway 105 exit of I-25, Colorado’s main north-south traffic artery
  • Seasoned Rent Roll with Long-Term Tenancies and Upside Opportunities - 13,740 SF of tenant renewals over the past 12 months
  • Extraordinary Wealth and Spending Power in Colorado Springs MSA - ensuring a stable and supportive consumer base

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$329 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crossroads at Monument

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

CROSS STREETS

I 25

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

C-2

APN/PARCEL ID

71142-06-002

ASK ABOUT THIS PROPERTY

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

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

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

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