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1245 Tenderfoot Hill Rd

8,439 SF Retail Building Colorado Springs, CO 80906 $5,557,000 ($658/SF) 6.25% Cap Rate

Investment Highlights

  • 15-YEAR ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES
  • 216,653 RESIDENTS IN PRIMARY TRADE AREA WITH AN AVERAGE HOUSEHOLD INCOME OF $94,157
  • HARD CORNER AT SIGNALIZED INTERSECTION WITH 21,493 VEHICLES PER DAY

Executive Summary

• 15-Year Absolute NNN Lease – zero landlord responsibilities
• 10% Rent Increases Every 5 Years – including the two, 10-year renewal options
• School is Fully Enrolled – with a year-long wait-list of over 100
• Rare Corporate and Personal Guarantees – from founders of Little Sunshine’s Playhouse & Preschool
• Top 50 Early Education Operator – 35 schools nationally with strong growth plans
• Ranked “Fastest Growing Private Companies” - by Inc. 5000 for the past 6 years

Property Facts

Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Day Care Center
Building Size
8,439 SF
Building Class
C
Year Built
2014
Price
$5,557,000
Price Per SF
$658
Cap Rate
6.25%
NOI
$347,341
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.03 AC
Zoning
PBC
Parking
29 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
170 FT on Tenderfoot Hill Rd

Nearby Major Retailers

Fazoli's
Old Chicago Pizza
Starbucks
Chili's Grill & Bar
Legacy Bank
IHOP
Red Robin
On The Border Mexican Grill
Saladworks
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
64322-01-093
Land Assessment
$172,400
Improvements Assessment
$315,190
Total Assessment
$487,590
  • Listing ID: 33272032

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 1245 Tenderfoot Hill Rd, Colorado Springs, CO 80906

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