1828 Spring Water Pt Colorado Springs, CO 80921
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High-demand, fully leased retail building.
Property size:
14,926 SFProperty Features for 1828 Spring Water Pt
General Information
- Property type
- Individual retail properties
- Square Feet
- 14,926 SF
- Class
- A
Building Details
- Year Built/Renovated
- 2008/2022
- Buildings
- 1
- Stories
- 2
- Units
- 5
Listing Agent: Creed Spillane
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A, two-story retail storefront in Colorado Springs, CO, presents a compelling investment opportunity. Located at 1828 Spring Water Pt, 80921, this 14,926 square foot building sits on an 11,883 square foot lot and boasts a prime location near I-25 & Interquest Pkwy, surrounded by thriving businesses including In-n-Out Burger, Slim Chickens, and more. The property, built in 2008 and extensively renovated in 2022, is currently 100% occupied by five tenants under NNN leases, with a lease commencement date of January 1, 2022, and an expiration date of November 30, 2028. The current Net Operating Income (NOI) is $397,952, yielding a 6.63% cap rate. Tenants include a diverse mix of businesses such as a salon, beauty supply store, yoga studio, pet grooming service, and a comedy club. The asking price is $6,000,000, translating to $401.98 per square foot. The property is zoned PUD and features a multi-tenant configuration. This investment offers a strong, stable income stream with significant upside potential in a rapidly growing area. The building consists of one structure with two stories. All first-floor tenants commenced occupancy on January 4, 2022, with the second-floor tenant anticipated to occupy in August 2022. Each tenant has signed a lease term of either five or seven years.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.79318937009
- Latitude
- 38.987927869017
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FAQs
What type of property is this?
Individual retail property - High-demand, fully leased retail building.
Where is this individual retail property located?
The property is located at 1828 Spring Water Pt Colorado Springs, CO.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: $6,000,000 asking price for a 14,926 SF Class A retail storefront in Colorado Springs, CO.; Multi-tenant property (5 tenants) with 100% occupancy.; NNN lease structure with a 6.63% cap rate and $397,952 NOI.
