Crossroads at Monument 1729-1793 Lake Woodmoor Dr
23,397 SF 100% Leased Retail Building Monument, CO 80132 $7,700,000 ($329/SF) 7.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Exceptional Tenant Mix with Attractive Net Lease Structures - 100% NNN Leased to a diverse tenant mix
- Seasoned Rent Roll with Long-Term Tenancies and Upside Opportunities - 13,740 SF of tenant renewals over the past 12 months
- Irreplaceable Real Estate Fundamentals - positioned at the Highway 105 exit of I-25, Colorado’s main north-south traffic artery
- Extraordinary Wealth and Spending Power in Colorado Springs MSA - ensuring a stable and supportive consumer base
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
23,397 SF
Building Class
B
Year Built
2006
Price
$7,700,000
Price Per SF
$329
Cap Rate
7.15%
NOI
$550,550
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
1.76 AC
Zoning
C-2 - Commercial
Parking
39 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 71142-06-002 | Improvements Assessment | $764,020 |
| Land Assessment | $161,490 | Total Assessment | $925,510 |
