Shopping Center Master
For Sale
$2,675,000
1811 Fremont Drive, Canon City, CO 81212
Master lease interest in a multi-tenant center with highway access, tenant signage, and paved parking improvements.
Property SizeContact for details
Days on Market81
Property Features for 1811 Fremont Drive
General Information
Standard status
Active
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$40,937
Building Details
Year Built
1971
Listing Agency:
Kurt Zerby Real Estate Group
(719) 671-8952
Listed By:
Kurt L. Zerby
(719) 671-8952
Source:
Exitrealty
Added: Jun 11
Changed: Aug 29
Last Checked: Aug 29 at 6:28PM
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 Kurt Zerby Real Estate Group
Investment Insights
Based on property information with market context.
This offering concerns the master lease for a small strip shopping center; ownership of the underlying real estate is not included. The center contains 36,532 square feet of improvements beneath the roof, with 78.6% leased and paying rent. Existing occupants include Harbor Freight, T-Mobile, AutoZone, and a regional counseling center. Tenant-facing improvements include a large marquee sign and approximately 65,000 square feet of paved parking.
The center is positioned along US Highway 50 with additional access from Fremont Drive in Canon City, Colorado. The master lease currently runs through December 31, 2029, and provides 11 automatic five-year extensions that can extend the term through 2084. Several franchise leases include renewal extensions reaching as far as 2048.
The center is positioned along US Highway 50 with additional access from Fremont Drive in Canon City, Colorado. The master lease currently runs through December 31, 2029, and provides 11 automatic five-year extensions that can extend the term through 2084. Several franchise leases include renewal extensions reaching as far as 2048.
Key Highlights
- 36,532 square feet of improvements under roof
- 78.6% leased and paying rent
- Master lease currently expires December 31, 2029
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 81212, CO
31,643
Population
12,918
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
91%
High-School Grad
672.0 sq mi
ZIP Area
47
Density / Sq Mi
$63,545
Median Household Income
$38,670
Median Earnings
$1,063
Median Rent
$286,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Master lease interest in a multi-tenant center with highway access, tenant signage, and paved parking improvements.
Where is this shopping center located?
The property is located at 1811 Fremont Drive Canon City, CO.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: 36,532 square feet of improvements under roof; 78.6% leased and paying rent; Master lease currently expires December 31, 2029
