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6755 N Academy Blvd

1,120 SF Retail Building Colorado Springs, CO 80918 $550,000 ($491/SF) 9.55% Cap Rate

Investment Highlights

  • Completely Renovated | Long Term NNN Lease
  • Irreplaceable North Academy Location | Future Redevelopment Possibilities
  • Established Medical Marijuana Tenant | Rare In Place Cannabis License
  • Tremendous Visibility & Access | Over 95,000 Vehicles Pass By Daily

Executive Summary

SVN Denver Commercial is pleased to present for sale, a free-standing retail building leased out to an established medical marijuana dispensary. The property is ideally located on bustling North Academy Boulevard. This is a rare and exceptional opportunity to acquire a standalone commercial property in a high-traffic, highly sought-after location on North Academy Boulevard. Strategically positioned in the heart of one of the area's most bustling corridors, this property offers unmatched visibility and accessibility.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,120 SF
Building Class
C
Year Built
1999
Price
$550,000
Price Per SF
$491
Cap Rate
9.55%
NOI
$52,525
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.32 AC
Zoning
C6 P SS
Parking
38 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
90 FT on Academy Blvd

Amenities

  • Bus Line
  • Signage

Nearby Major Retailers

Sprouts Farmers Market
Starbucks
Caribou Coffee
Sky Zone
Mimi's Cafe
King Soopers
Chili's Grill & Bar
Pei Wei
Huntington National Bank
Noodles & Company

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
63093-04-219
Land Assessment
$57,440
Improvements Assessment
$78,670
Total Assessment
$136,110
  • Listing ID: 33909957

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 6755 N Academy Blvd, Colorado Springs, CO 80918

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