Sprouts Single-Tenant
New
For Sale
$5,066,000
1730 Dublin Blvd, Colorado Springs, CO 80918
Established grocery location with a corporate lease, scheduled rent growth, and a new 10-year roof warranty.
Property Size27,634 SF
Days on Market4
Property Features for 1730 Dublin Blvd
General Information
Standard status
Active
Size
27,634 SF
Property subtype
Retail
Building Details
Building Size
27,634 SF
Year Built
1985
Tenancy
Single
Listing Agency:
SVN | Denver Commercial
(480) 720-5103
Listed By:
Kevin Matthews · License #FA100037845
(480) 720-5103
Source:
Svncolo
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 31 at 2:21PM
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 SVN | Denver Commercial
Investment Insights
Based on property information with market context.
Located at 1730 Dublin Blvd in Colorado Springs, this single-tenant grocery property is occupied by Sprouts Farmers Market. The building was constructed in 1985 and has served as the tenant’s location for 17 years.
The property includes a corporate guarantee and a recently extended lease with 8 years remaining. Contractual rent increases include a 10% adjustment in three years and additional increases during each option period. A new 10-year roof warranty adds documented coverage to the building’s existing improvements.
The property includes a corporate guarantee and a recently extended lease with 8 years remaining. Contractual rent increases include a 10% adjustment in three years and additional increases during each option period. A new 10-year roof warranty adds documented coverage to the building’s existing improvements.
Key Highlights
- Sprouts Farmers Market occupies the property as a single tenant
- 8 years remain on the corporate lease
- 10% rent increase scheduled in three years, with increases during each option period
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$417,826
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,356,520
$8.4M
Cap Rate 7%
$5,968,943
$6.0M
Cap Rate 9%
$4,642,511
$4.6M
Market Conditions
NOI Build-Up for 27,634 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$580.3K $21.00/SF
− Vacancy
−$23.2K −$0.84/SF
EGI
$557.1K $20.16/SF
− OpEx
−$139.3K −$5.04/SF
NOI
$417.8K $15.12/SF
Area
ZIP 80918
Vacancy
4.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,356,520
Cap Rate 7%
$5,968,943
Cap Rate 9%
$4,642,511
Alternative Uses
Best Use
Specialty Retail
$5.97M
$5.22M – $6.96M
NOI $417,826 @ 7.0% cap · market cap 8.25%
Second Best
Retail
$5.00M
$4.38M – $5.84M
NOI $350,254 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$7.06M
$6.18M – $8.24M
NOI $494,409 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
173k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Groceries 37%
Dining 13%
Apparel 9%
Hobby Lobby
Shops & Services
49,954 visits/mo
0.4 miles
King Soopers
Groceries
47,298 visits/mo
0.3 miles
Sprouts Farmers Market
Groceries
16,516 visits/mo
0.1 miles
Starbucks
Dining
15,106 visits/mo
0.3 miles
SKECHERS Factory Outlet
Apparel
8,587 visits/mo
0.5 miles
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established grocery location with a corporate lease, scheduled rent growth, and a new 10-year roof warranty.
Where is this grocery and convenience store located?
The property is located at 1730 Dublin Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $5,066,000.
What are key features of this property?
This property features: Sprouts Farmers Market occupies the property as a single tenant; 8 years remain on the corporate lease; 10% rent increase scheduled in three years, with increases during each option period
