Drive-Thru Restaurant
For Sale
Contact for pricing
4540 Centennial Blvd, Colorado Springs, CO 80907
Drive-thru restaurant for sale with high traffic and demographics.
Property Size3,707 SF
Lot Size0.88 Acres
Price / SF$377.66
Days on Market1460
Property Features for 4540 Centennial Blvd
General Information
Standard status
Active
Size
3,707 SF
Lot size
0.88 Acres
Property subtype
Retail
Investment Type
Owner/User
Listing Agency:
Crosbie Real Estate Group
Listed By:
Isabella Busnardo · License #FA 100107026
(720) 287-6866
Source:
Crexi
Added: Oct 22, 2022
Changed: Oct 5
Last Checked: Oct 19 at 4:34AM
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 Crosbie Real Estate Group
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Investment Insights
Based on property information with market context.
This property at 4540 Centennial Blvd, Colorado Springs, CO, presents an owner-user opportunity for a drive-thru restaurant. The site features a 3,707 SF building on a 38,332 SF lot. Restaurant infrastructure is already in place, allowing for immediate use. The location benefits from high traffic counts, with an average daily traffic count of 15,000 vehicles on Centennial Blvd. The surrounding area has strong demographics, with 6,891 residents within a 1-mile radius, 55,284 within a 3-mile radius, and 154,709 within a 5-mile radius. The average household income within a 1-mile radius is $90,782.
Key Highlights
- Existing drive‑thru infrastructure: Ready for immediate use.
- High traffic location: Benefits from 15,000 average daily traffic count on Centennial Blvd.
- Strong demographics: Large population within 1, 3, and 5‑mile radii.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,246
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,920
$1.0M
Cap Rate 7%
$732,086
$732.1K
Cap Rate 9%
$569,400
$569.4K
Market Conditions
NOI Build-Up for 3,707 SF
Gross rent
$71.2K $19.20/SF
− Vacancy
−$2.8K −$0.77/SF
EGI
$68.3K $18.43/SF
− OpEx
−$17.1K −$4.61/SF
NOI
$51.2K $13.82/SF
Area
Colorado Springs, CO
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,920
Cap Rate 7%
$732,086
Cap Rate 9%
$569,400
Alternative Uses
Best Use
Specialty Retail
$732.1K
$640.6K – $854.1K
NOI $51,246 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
146k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 20%
Groceries 16%
Home Improvements & Furnishings 6%
Safeway
Groceries
23,076 visits/mo
0.4 miles
Whataburger
Dining
15,852 visits/mo
0.3 miles
Black Bear Diner
Dining
15,517 visits/mo
0.2 miles
Starbucks
Dining
11,107 visits/mo
0.3 miles
Maverik Adventures First Stop
Shops & Services
10,054 visits/mo
0.2 miles
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Drive-thru restaurant for sale with high traffic and demographics.
Where is this drive through restaurant located?
The property is located at 4540 Centennial Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Existing drive‑thru infrastructure: Ready for immediate use.; High traffic location: Benefits from 15,000 average daily traffic count on Centennial Blvd.; Strong demographics: Large population within 1, 3, and 5‑mile radii.
