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    1856 Democracy Pt Colorado Springs, CO 80908

    For Sale
    $3,700,000

    High-Cap Restaurant, Prime Location

    Property size:
    4,228 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a brand-new, Class A, multi-tenant restaurant property totaling 4,228 square feet, situated on a 0.71-acre lot in the thriving Victory Ridge mixed-use development of Colorado Springs, Colorado. Built in 2023, the property boasts 100% occupancy with two tenants under a Net Lease (NNN) agreement, offering a compelling 5.68% cap rate at an asking price of $3,700,000. Ideally located less than a mile from Interstate 25 and with frontage on Interquest Parkway, this retail property benefits from high visibility and convenient access. The surrounding area features a robust mix of retail, office, entertainment, hospitality, and residential properties, ensuring a consistent and diverse customer base. The property's attractive features include an inviting rooftop patio and outdoor seating areas, designed to maximize appeal and patronage. This is a rare opportunity to acquire a high-performing, newly constructed restaurant property in a rapidly growing area of Colorado Springs, within the highly desirable Interquest Parkway corridor known for its diverse culinary scene. The property address is 1856 Democracy Point, Colorado Springs, CO 80908, in El Paso County.

    Property Features for 1856 Democracy Pt

    General Information

    Property type
    Restaurants
    Square Feet
    4,228 SF
    Class
    A
    Lot Size
    30,928 SF

    Building Details

    Year Built
    2023

    HighLights

    • Brand‑new, Class A, 4,228 SF multi‑tenant restaurant building on a 0.71‑acre lot.
    • 100% occupied with two tenants under NNN leases, offering a 5.68% cap rate.
    • Asking price: $3,700,000.
    • High‑visibility location less than one mile from I‑25, with Interquest Parkway frontage.
    • Located in the Victory Ridge mixed‑use development in Colorado Springs, CO (1856 Democracy Point, 80908).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Gym & Fitness Kitchen & Bath HVAC Service Garden Center Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.795824
    Latitude
    38.990149

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    FAQs

    What type of property is this?
    Restaurant - High-Cap Restaurant, Prime Location
    Where is this restaurant located?
    The property is located at 1856 Democracy Pt Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: Brand-new, Class A, 4,228 SF multi-tenant restaurant building on a 0.71-acre lot.; 100% occupied with two tenants under NNN leases, offering a 5.68% cap rate.; Asking price: $3,700,000.
    Request Owner's contact information
    1856 Democracy Pt Colorado Springs, CO 80908
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    Colorado Springs, CO 80908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1856 Democracy Pt Colorado Springs, CO 80908
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