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Stand-Alone Retail Building For Sale

1004 S Tejon St, Colorado Springs, CO

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Retail building leased to a marijuana dispensary through April 2027.

Type:RETAIL

Lot size:

0.23 Acres

HighLights

Stand‑alone retail building in southern downtown.
Existing NNN lease in place through April 2027, providing immediate income.
8% cap rate offers a strong investment return.
Tenant seeking lease extension through April 2030 with annual escalations.
Tenant is a marijuana dispensary, a potentially high‑growth business.
Location meets requirements for tenant's retail license approval.

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Listing Contact

Amanda Miller Luciano

For Sale

Contact for pricing

Retail building leased to a marijuana dispensary through April 2027.

Type:RETAIL

Lot size:

0.23 Acres

Added:: Nov 28, 2025
Days on Market:: 200
Last Refresh:: Apr 5 at 8:46 pm

Property Features for 1004 S Tejon St

General Information

Standard status: Active
Lot size: 0.23 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Amanda Miller Luciano

Listing agent Amanda Miller Luciano License #CO EA.1318522

Listing office Trent Properties Group

Listing date Nov 28, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Trent Properties Group

HighLights

Stand‑alone retail building in southern downtown.
Existing NNN lease in place through April 2027, providing immediate income.
8% cap rate offers a strong investment return.
Tenant seeking lease extension through April 2030 with annual escalations.
Tenant is a marijuana dispensary, a potentially high‑growth business.
Location meets requirements for tenant's retail license approval.

Overview

This stand-alone retail building is located in southern downtown. The building is leased to a marijuana dispensary that is pursuing its retail license and has been assured the location meets the requirements for approval. The NNN lease goes through April, 2027 at an 8% cap rate. The tenant would like to sign an extension with continuing annual escalations through April, 2030.

Property Profile Location Intelligence

Current Use by Public Records

Feel State Medical ... (Bike/Boat/Book/etc) Store NaturaLeaf Medical Supply Store Williams Soul Food ... Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Colorado Springs
County: El Paso
State: Colorado
Longitude: -104.825
Latitude: 38.8197

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What type of property is this?

Retail space - Retail building leased to a marijuana dispensary through April 2027.

Where is this retail space located?

The property is located at 1004 S Tejon St Colorado Springs, CO.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Stand‑alone retail building in southern downtown.; Existing NNN lease in place through April 2027, providing immediate income.; 8% cap rate offers a strong investment return.

1004 S Tejon St, Colorado Springs, CO

Retail building leased to a marijuana dispensary through April 2027.

Property Features for 1004 S Tejon St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Colorado Springs Flex Office/Warehouse

Freestanding Industrial Building For Sale

Turnkey Restaurant Opportunity

Industrial Campus with 3,000 Amp Power

New Duplex in Creekwalk

New Duplex Near UCCS

Income Property Near Memorial Hospital

Colorado Springs Multi-Family Acreage

New Duplex in Westside Location

Side-by-Side Duplex With Finished Basements

Duplex with Separate Cottage

Historic Triplex with In-Unit Laundry

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