Single-Tenant Retail
For Sale
$6,640,000
2050 Southgate Road Unit 100, Colorado Springs, CO 80906
Long-term Big R lease with 9+ years remaining in a high-traffic shopping center off Nevada Avenue.
Property Size46,614 SF
Days on Market203
Property Features for 2050 Southgate Road Unit 100
General Information
Standard status
Active
Size
46,614 SF
Property subtype
Retail
Site & Location
Neighborhood
Stratton Meadows
Traffic Count
60,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
46,614 SF
Year Built
1959
Tenancy
Single
Listing Agency:
SVN | Denver Commercial
Listed By:
Kevin Matthews · License #FA100037845
(480) 720-5103
Source:
Svncolo
Added: Apr 4
Changed: Oct 1
Last Checked: Oct 23 at 4:37AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering is a long-term, single-tenant retail investment featuring a Big R location within Broadmoor Towne Center. The property has approximately 9 years or more remaining on the lease, with initial rent set at $11/sf.
The center sits at the southwest corner of Nevada Ave (aka CO Hwy 115) and Lake Ave, averaging over 60,000 vehicles per day, just east of I-25 in Southeast Colorado Springs. Big R benefits from the surrounding retail mix, with national tenants adjacent to the property including Home Depot, Ross, PetSmart, Michael’s, Red Robin, Chipotle, Ulta, and Old Navy.
For buyers seeking a stabilized retail tenancy, this asset is positioned within a concentrated shopping destination anchored by a mix of national retailers and dining.
The center sits at the southwest corner of Nevada Ave (aka CO Hwy 115) and Lake Ave, averaging over 60,000 vehicles per day, just east of I-25 in Southeast Colorado Springs. Big R benefits from the surrounding retail mix, with national tenants adjacent to the property including Home Depot, Ross, PetSmart, Michael’s, Red Robin, Chipotle, Ulta, and Old Navy.
For buyers seeking a stabilized retail tenancy, this asset is positioned within a concentrated shopping destination anchored by a mix of national retailers and dining.
Key Highlights
- Big R single‑tenant investment opportunity in Broadmoor Towne Center at the SWC of Nevada Ave (CO Hwy 115) and Lake Ave
- Average traffic of 60,000+ vehicles per day at the property’s intersection
- Lease term with 9 years +/- remaining for Big R
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$493,691
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,873,820
$9.9M
Cap Rate 7%
$7,052,729
$7.1M
Cap Rate 9%
$5,485,456
$5.5M
Market Conditions
NOI Build-Up for 46,614 SF
Gross rent
$744.0K $15.96/SF
− Vacancy
−$38.7K −$0.83/SF
EGI
$705.3K $15.13/SF
− OpEx
−$211.6K −$4.54/SF
NOI
$493.7K $10.59/SF
Area
ZIP 80906
Vacancy
5.20%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,873,820
Cap Rate 7%
$7,052,729
Cap Rate 9%
$5,485,456
Alternative Uses
Best Use
Retail
$7.05M
$6.17M – $8.23M
NOI $493,691 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$8.81M
$7.71M – $10.28M
NOI $616,997 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
60,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
448k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 22%
Home Improvements & Furnishings 14%
Apparel 14%
The Home Depot
Home Improvements & Furnishings
41,801 visits/mo
0.3 miles
Ross Dress for Less
Apparel
38,717 visits/mo
0.1 miles
Safeway
Groceries
35,317 visits/mo
0.3 miles
McDonald's
Dining
32,483 visits/mo
0.3 miles
Michaels
Shops & Services
29,537 visits/mo
0.1 miles
Demographics for 80906, CO
39,019
Population
16,771
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
856
Density / Sq Mi
$88,047
Median Household Income
$47,314
Median Earnings
$1,634
Median Rent
$543,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Similar Off Market Nearby
- Broadmoor Towne Center — Broadmoor Town Center, 2250 Southgate Rd, Colorado Springs, CO 80906
- Coinstar Kiosk - Bitcoin ATM — 1920 South Nevada Avenue Safeway, Colorado Springs, CO 80905
- Southern Cross Shopping Center — 1801-1877 s nevada ave, colorado springs, co 80905
Frequently Asked Questions
What type of property is this?
Shopping center - Long-term Big R lease with 9+ years remaining in a high-traffic shopping center off Nevada Avenue.
Where is this shopping center located?
The property is located at 2050 Southgate Road Unit 100 Colorado Springs, CO.
What is the asking price?
The asking price for this property is $6,640,000.
What are key features of this property?
This property features: Big R single‑tenant investment opportunity in Broadmoor Towne Center at the SWC of Nevada Ave (CO Hwy 115) and Lake Ave; Average traffic of 60,000+ vehicles per day at the property’s intersection; Lease term with 9 years +/- remaining for Big R
