1245 Tenderfoot Hill Rd
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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
• 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
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 64322-01-093 | Improvements Assessment | $315,190 |
Land Assessment | $172,400 | Total Assessment | $487,590 |
PROPERTY TAXES
Parcel Number
64322-01-093
Land Assessment
$172,400
Improvements Assessment
$315,190
Total Assessment
$487,590
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1245 Tenderfoot Hill Rd
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