Grocery-Anchored Shopping
New
For Sale
$5,825,000
405 S Circle Dr, Colorado Springs, CO 80910
Includes Save-A-Lot, Family Dollar, and a mix of local and national tenants.
Property Size52,169 SF
Price / SF$111.66
Days on Market2
Property Features for 405 S Circle Dr
General Information
Standard status
Active
Size
52,169 SF
Property subtype
Shopping Neighborhood
Financials
Asking Price
$5,830,000
Cap Rate
7%
Additional Details
Anchor Co-Tenants
Save-A-Lot, Family Dollar
Amenities
Top Performing Grocer Nationally - This Save-A-Lot Store Ranks in the Top 1% of all Stores Nationwide, with Nearly 350,000 Visitors Annually
Currently 98% Occupied with a Mix of Local and National Retailers with Below Market Rents Averaging just $8.97/SF, while Market Rents are $14-$18/SF
The Property has Received $1,000,000+ in Capital Improvements Since 2020, Including a New Roof (2021), HVAC replacements, Storefront Upgrades, and Parking Lot Repairs
Building Details
Building Size
52,169 SF
Year Built
1975
Tenancy
Multi
Listing Agency:
Denver Office
Listed By:
Cory Gross · License #License(s): CO: FA100038277
(303) 328-2019
Source:
Marcusmillichap
Added: Sep 1
Last Checked: Sep 1 at 8:49PM
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 Denver Office
Investment Insights
Based on property information with market context.
Valli Hi Shopping Center is a 52,169-square-foot strip center completed in 1975. The property includes a Save-A-Lot grocery anchor, Family Dollar, and additional local and national tenants, creating a varied retail lineup within the center.
The center is located at 405-529 S. Circle Drive in Colorado Springs, Colorado. Lease rollover is concentrated, with 98% of leases scheduled to roll within four years. The property is offered for sale as an established grocery-anchored retail center.
The center is located at 405-529 S. Circle Drive in Colorado Springs, Colorado. Lease rollover is concentrated, with 98% of leases scheduled to roll within four years. The property is offered for sale as an established grocery-anchored retail center.
Key Highlights
- 52,169 SF grocery‑anchored strip center
- Save‑A‑Lot grocery anchor ranked in the top 1% of locations nationwide by Placer.ai traffic data
- Family Dollar plus local and national tenants
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Includes Save-A-Lot, Family Dollar, and a mix of local and national tenants.
Where is this shopping center located?
The property is located at 405 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 grocery‑anchored strip center; Save‑A‑Lot grocery anchor ranked in the top 1% of locations nationwide by Placer.ai traffic data; Family Dollar plus local and national tenants
