Net-Leased Industrial
6395 Corporate Center Cir Colorado Springs, CO 80919
6395 Corporate Center Cir, Colorado Springs, CO, 80919
Contact for pricing
For Sale
Contact for pricing
Industrial warehouse and showroom building leased to Dal-Tile Distribution through August 31, 2028 on a net basis.
Property Size20,000 SF
Price / SF$200
Days on Market111
Property Features for 6395 Corporate Center Cir
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- RETAIL
Listing agency
Hoff & Leigh
(719) 337-0999
Listed by
Holly Trinidad · License #ER.100022369
(719) 337-0999
Source
Moodyscre
Added: Apr 3 Updated: Jul 21 at 10:48PM Checked: Jul 22 at 3:57AM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
This 20,000-square-foot industrial warehouse and showroom building is currently occupied by Dal-Tile Distribution, LLC, a subsidiary of the Mohawk Industries family of companies. The property is under a net lease through August 31, 2028, with scheduled rent escalations designed to provide predictable income growth.
The lease is guaranteed by Dal-Tile, LLC. A Fourth Amendment dated November 2025 extended the lease 33 months and restructured maintenance obligations, placing water pipe responsibility with the Landlord in exchange for operational certainty for the Tenant.
The Tenant has one five-year extension option at fair market value with 2% annual escalations, along with an ongoing right of first refusal to purchase the asset.
The lease is guaranteed by Dal-Tile, LLC. A Fourth Amendment dated November 2025 extended the lease 33 months and restructured maintenance obligations, placing water pipe responsibility with the Landlord in exchange for operational certainty for the Tenant.
The Tenant has one five-year extension option at fair market value with 2% annual escalations, along with an ongoing right of first refusal to purchase the asset.
Key Highlights
- ±20,000‑SF industrial warehouse and showroom building leased to Dal‑Tile Distribution, LLC
- Net lease in place through August 31, 2028 with scheduled rent escalations for predictable income growth
- Dal‑Tile, LLC lease guaranty provides added credit support for the net‑leased structure
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $360.0k | $18.00 |
| − Vacancy | −$16.2k | −$0.81 |
| EGI | $343.8k | $17.19 |
| − OpEx | −$103.1k | −$5.16 |
| NOI | $240.7k | $12.03 |
20,000 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.44M
$3.01M – $4.01M
NOI $240,660 @ 7.0% cap · market cap 6.02%
Second Best
Warehouse
$3.15M
$2.75M – $3.67M
NOI $220,377 @ 7.0% cap · market cap 5.51%
Theoretical Best
Specialty Retail
$3.95M
$3.46M – $4.61M
NOI $276,480 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Daltile, Marazzi Sales ...
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- U-Haul Moving & Storage at Rockrimmon — 455 e woodmen rd, colorado springs, co 80919
- Extra Space Storage — 6125 Mark Dabling Blvd, Colorado Springs, CO 80919
- Tiffany Square — 6805 Corporate Dr, Colorado Springs, CO 80919
- Parkside Storage — Colorado Springs, CO 80918
- American Storage — 6740 Vincent Dr, Colorado Springs, CO 80918
FAQs
What type of property is this?
Warehouse - Industrial warehouse and showroom building leased to Dal-Tile Distribution through August 31, 2028 on a net basis.
Where is this warehouse located?
The property is located at 6395 Corporate Center Cir Colorado Springs, CO.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: ±20,000‑SF industrial warehouse and showroom building leased to Dal‑Tile Distribution, LLC; Net lease in place through August 31, 2028 with scheduled rent escalations for predictable income growth; Dal‑Tile, LLC lease guaranty provides added credit support for the net‑leased structure
