Shops at Briargate | 5 Tenant Shops to TARGET | 9673 Prominent Pt
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Shops at Briargate | 5 Tenant Shops to TARGET 9673 Prominent Pt
18,200 SF 100% Leased Retail Building Colorado Springs, CO 80924 $9,000,000 ($495/SF)
Investment Highlights
- The asset benefits from the traffic generated by the Super Target shadow anchor as well as the Kum & Go and Wells Fargo out parcels
- Healthy e-commerce resistant tenant mix consisting of restaurants and service based users
- Three national tenants anchor the strip and help provide exposure for the other users at the site
- Incoming investors will benefit from a stable cashflow with no lease rollovers until 2026
Executive Summary
This is a great opportunity to acquire a fully stabilized retail strip center situated in the premier retail shopping district of the area. The Target shadow anchor and the excellent surrounding demographics have stabilized the strip as well as increased rental rates at the site. The incoming investor is going to benefit from a stable cashflow with little to no
tenant rollover given the national retailers and the desirability of the location.
tenant rollover given the national retailers and the desirability of the location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
18,200 SF
Building Class
A
Year Built
2017
Price
$9,000,000
Price Per SF
$495
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.23 AC
Zoning
PBC - PBC
Parking
338 Spaces (4.94 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 62264-02-025 | Improvements Assessment | $571,790 |
| Land Assessment | $307,050 | Total Assessment | $878,840 |
PROPERTY TAXES
Parcel Number
62264-02-025
Land Assessment
$307,050
Improvements Assessment
$571,790
Total Assessment
$878,840
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Shops at Briargate | 5 Tenant Shops to TARGET | 9673 Prominent Pt
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