2582 S Academy Blvd | Colorado Springs, CO 80916
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2582 S Academy Blvd
Colorado Springs, CO 80916
Apotheke · Retail Property For Sale
Executive Summary
2582 S Academy is a single tenant, retail, NNN investment.
The current Tenant of the building is The Apotheke, which is a medical marijuana business. The Tenant’s current lease goes until September of 2025. In October of 2023, the rent increases to $6400 per month NNN. There is another $200/mo. annual increase for October, 2024.
The building is located on South Academy Boulevard just north of Hancock Expressway. It offers high visibility and ample parking. The building is 4,200 RSF, which is the perfect size of most retail users in Colorado Springs.
The current Tenant of the building is The Apotheke, which is a medical marijuana business. The Tenant’s current lease goes until September of 2025. In October of 2023, the rent increases to $6400 per month NNN. There is another $200/mo. annual increase for October, 2024.
The building is located on South Academy Boulevard just north of Hancock Expressway. It offers high visibility and ample parking. The building is 4,200 RSF, which is the perfect size of most retail users in Colorado Springs.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
B
Year Built
1986
Price
$929,030
Price Per SF
$221
Cap Rate
7.75%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.46 AC
Zoning
PBC AO CU, CO Springs
Parking
23 Spaces (5.48 Spaces per 1,000 SF Leased)
Frontage
181 FT on S Academy Blvd
Amenities
- 24 Hour Access
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 64341-13-008 | Improvements Assessment | $98,210 |
| Land Assessment | $35,980 | Total Assessment | $134,190 |
PROPERTY TAXES
Parcel Number
64341-13-008
Land Assessment
$35,980
Improvements Assessment
$98,210
Total Assessment
$134,190
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