Grocery-Anchored Shopping
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405-529 S Circle Dr, Colorado Springs, CO 80910
Established strip center with grocery and discount retail anchors, multiple tenants, and PBC-2 planned business center zoning.
Property Size52,169 SF
Price / SF$111.66
Days on Market7
Property Features for 405-529 S Circle Dr
General Information
Standard status
Active
Size
52,169 SF
Class
B
Total Parking Spaces
276
Property subtype
Retail
Zoning
PBC-2 (Planned Business Center)
Occupancy
98%
Investment Type
Value Add
Net Operating Income
$407,774
Additional Details
Asking Price
$5,830,000
Anchor Co-Tenants
Save-A-Lot, Family Dollar
Building Details
Year Built
1969
Year Renovated
2022
Buildings
2
Units
10
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Cory Gross
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 12:53PM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
Valli Hi Shopping Center is a 52,169-square-foot strip retail property built in 1969. The center includes a Save-A-Lot grocery store, Family Dollar, and a broader mix of local and national tenants, providing a range of retail offerings within one established commercial complex. The property is zoned PBC-2 (Planned Business Center).
Located at 405-529 S. Circle Drive in Colorado Springs, the center serves an infill retail setting with grocery and discount-store components. Lease rollover is concentrated, with 98% of leases scheduled to roll within four years. The property’s tenant lineup and established construction support continued use as a multi-tenant neighborhood-oriented shopping center.
Located at 405-529 S. Circle Drive in Colorado Springs, the center serves an infill retail setting with grocery and discount-store components. Lease rollover is concentrated, with 98% of leases scheduled to roll within four years. The property’s tenant lineup and established construction support continued use as a multi-tenant neighborhood-oriented shopping center.
Key Highlights
- 52,169 SF shopping center built in 1969
- Save‑A‑Lot grocery anchor and Family Dollar tenant
- Mix of local and national retail tenants
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
45k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Shops & Services 49%
Save-A-Lot
Groceries
22,931 visits/mo
0.1 miles
Maverik Adventures First Stop
Shops & Services
14,231 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,688 visits/mo
0.1 miles
Demographics for 80910, CO
30,991
Population
13,940
Households
2.2
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
6.1 sq mi
ZIP Area
5,080
Density / Sq Mi
$56,681
Median Household Income
$37,110
Median Earnings
$1,299
Median Rent
$276,900
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Shopping center - Established strip center with grocery and discount retail anchors, multiple tenants, and PBC-2 planned business center zoning.
Where is this shopping center located?
The property is located at 405-529 S Circle Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $5,825,000.
What are key features of this property?
This property features: 52,169 SF shopping center built in 1969; Save‑A‑Lot grocery anchor and Family Dollar tenant; Mix of local and national retail tenants
