3281 Centennial Blvd - Auto Repair FOR SALE


Colorado Springs, CO 80907- Holland Park
$6,667,000 USD
612-396-7723
3281 Centennial Blvd, Colorado Springs, CO for Sale
$6,667,000 USD
Auto Repair - FOR SALE
1/3
null | 5.25% Cap Rate

3281 Centennial Blvd
Colorado Springs, CO 80907
Holland Park


HIGHLIGHTS

  • Les Schwab currently owns the site and will leaseback the property on a 20-year absolute NNN lease
  • Les Schwab corporate will guarantee the lease, which has contractual rental increases of 10% every five years
  • The property shares an intersection with King Soopers (Kroger), which drives 1.3 million visits annually and is Colorado’s dominant grocer
  • The building was constructed in 2025 according to Les Schwab’s specifications
  • Within a one-mile radius, there has been 1,000+ units of multifamily delivered in just the last 2 years
  • Within a one-mile radius, the population growth rate in the last 5 years was 6.1x the national average

OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Les Schwab located at 3281 Centennial Blvd in Colorado Springs, Colorado. The building will be leased-back on a 20-year lease secured by Les Schwab corporate upon sale. Les Schwab is the 4th largest independent tire dealer in the country and has a nationwide presence with 500+ locations, providing a strong credit base to the investment. The 9,534 SF building sits on 1.36 acres and is strategically situated on a signalized intersection shared from King Sooper's (Kroger), a grocer which drives 1.3+ million visits annually. The site also benefits from its proximity to I-25, which carries 150,000 VPD in the area. In the commercial corridor, there has been several new retail and residential developments. Within a one-mile radius, there has been over 1,000 multifamily units delivered in the last two years. Within that same radius, the population growth rate in the last 5 years was 6.1x the national average, and the greater Colorado Springs metro has seen immense growth post-COVID. Please see OM for more information.

FOR SALE DETAILS

PRICE

$6,667,000 USD

PRICE/SF

$699 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Les Schwab

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

-

APN/PARCEL ID

73362-01-027

ASK ABOUT THIS PROPERTY

612-396-7723

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612-396-7723

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