3204-3208 E Platte Ave
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3204-3208 E Platte Ave
45,828 SF Retail Building Colorado Springs, CO 80909 $9,900,000 ($216/SF) 6% Cap Rate
Investment Highlights
- Leased Long Term to Blue Compass RV with Corporate Guaranty
- Located in Densely Populated Area
- Opportunity Zone
- Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
- Strong Corporate Guarantee
Executive Summary
The property at 3204-3208 E Platte Ave in Colorado Springs represents a rare investment opportunity in the rapidly growing South Central region of the city. The property lies in an Opportunity Zone, which can provide significant tax advantages to investors. This fully leased, single-tenant asset is strategically positioned on E Platte Ave, a major thoroughfare with a daily vehicle count exceeding 42,800, providing exceptional visibility and identity for the tenant.
The tenant, one of the largest and fastest-growing RV retail companies in history, currently owns and operates 100 full-service dealerships and over 1,000 service bays nationwide. The property caters perfectly to the tenant’s unique needs, offering a blend of retail and service space that aligns with their expansive operations.
The lease, which extends through November 30, 2029, is currently generating market rental income, making this an attractive option for investors seeking stable and consistent returns with room to grow. The combination of a high-profile tenant, prime location, and long-term lease makes this property a standout investment opportunity in the Colorado Springs market.
The tenant, one of the largest and fastest-growing RV retail companies in history, currently owns and operates 100 full-service dealerships and over 1,000 service bays nationwide. The property caters perfectly to the tenant’s unique needs, offering a blend of retail and service space that aligns with their expansive operations.
The lease, which extends through November 30, 2029, is currently generating market rental income, making this an attractive option for investors seeking stable and consistent returns with room to grow. The combination of a high-profile tenant, prime location, and long-term lease makes this property a standout investment opportunity in the Colorado Springs market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
45,828 SF
Building Class
C
Year Built/Renovated
1975/2022
Price
$9,900,000
Price Per SF
$216
Cap Rate
6%
NOI
$594,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
5.60 AC
Opportunity Zone
Yes
Zoning
MX-L - MIXED-USE LARGE SCALE
Parking
283 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Fenced Lot
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $161,890 | |
| Land Assessment | $376,520 | Total Assessment | $538,410 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$376,520
Improvements Assessment
$161,890
Total Assessment
$538,410
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3204-3208 E Platte Ave
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