Woodmoor Center 1706-1796 Lake Woodmoor Dr
35,851 SF 96% Leased Retail Building Monument, CO 80132 $7,600,000 ($212/SF) 7.20% Cap Rate



INVESTMENT HIGHLIGHTS
- Long Term Occupancy and Rent Roll Opportunities - Tenants accounting for 70% of revenue have been at the Center for 10+ years
- Convenient Access and Visibility - strategic position at the doorstep to Monument's highly-affluent Woodmoor neighborhood
- Neighborhood Gathering Place with Service and Convenience-oriented tenancies
- Recent Long Term Leaess from Pikes Peak Brewing and Pikes Peak Library - account for 57% of the Property's Revenue
EXECUTIVE SUMMARY
CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire Woodmoor Center ("The Property"), a neighborhood retail center located in Monument's highly affluent Woodmoor neighborhood. The Property consists of a retail facility that totals 35,851-square feet and currently 96.3% triple-net leased to eight tenants with one existing 1,325-square foot vacancy.
Woodmoor Center is strategically positioned with convenient access from Interstate-25 and Highway 105 along Lake Woodmoor Drive at the entrance to Monument’s Woodmoor community. The Property serves as a quintessential neighborhood gathering center with commercial users that offer food & beverage, health & fitness, daily needs and community services. The majority of the tenants have enjoyed successful, long-term occupancies at the Property, and both Pikes Peak Library and Pikes Peak Brewing
Co. have recently executed new long-term lease extensions.
Woodmoor Center is being offered for sale for the first time in 25 years and provides a rare opportunity to acquire a neighborhood retail center in one of Colorado's most highly-affluent communities.
Woodmoor Center is strategically positioned with convenient access from Interstate-25 and Highway 105 along Lake Woodmoor Drive at the entrance to Monument’s Woodmoor community. The Property serves as a quintessential neighborhood gathering center with commercial users that offer food & beverage, health & fitness, daily needs and community services. The majority of the tenants have enjoyed successful, long-term occupancies at the Property, and both Pikes Peak Library and Pikes Peak Brewing
Co. have recently executed new long-term lease extensions.
Woodmoor Center is being offered for sale for the first time in 25 years and provides a rare opportunity to acquire a neighborhood retail center in one of Colorado's most highly-affluent communities.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
35,851 SF
Building Class
C
Year Built/Renovated
1970/2016
Price
$7,600,000
Price Per SF
$212
Cap Rate
7.20%
NOI
$547,311
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
5.93 AC
Zoning
C-2
Parking
227 Spaces (6.33 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Signage
NEARBY MAJOR RETAILERS





PROPERTY TAXES
Parcel Number | 71142-05-003 | Improvements Assessment | $440,010 |
Land Assessment | $335,680 | Total Assessment | $775,690 |