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    3705 Drennan Rd Colorado Springs, CO 80910

    Sponsored
    For Sale
    $5,750,000

    High-yield retail investment, fully leased.

    Property size:
    30,060 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 30,060 square foot shopping center in Colorado Springs, CO, is offered at $5,750,000 ($191.28/sq ft). The property boasts 100% occupancy with a diverse mix of tenants under a NNN lease structure. Recent improvements include a brand new roof and a freshly paved parking lot, ensuring long-term value and curb appeal. Its strategic location near Amazon's substantial 3.7 million square foot warehouse provides significant visibility and access to a large customer base. The well-designed layout offers flexibility for current tenants to expand or for future tenants to join this thriving retail environment. This presents a compelling investment opportunity with a stable income stream and significant potential for future growth and appreciation. The property is located at 3705-3737 Drennan Road, Colorado Springs, CO 80910, in El Paso County. This fully leased, multi-tenant retail center offers a secure investment with immediate returns and long-term upside. The property's modern infrastructure and prime location make it an attractive asset for discerning investors seeking a stable and profitable investment in a growing market.

    Property Features for 3705 Drennan Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    30,060 SF

    HighLights

    • 30,060 SF shopping center in Colorado Springs, CO, offered at $5,750,000 ($191.28/SF).
    • 100% occupancy with NNN leases.
    • New roof and paved parking lot.
    • Excellent growth potential and situated near Amazon's 3.7M SF warehouse.
    • Fully leased, multi‑tenant retail center at 3705‑3737 Drennan Road, Colorado Springs, CO 80910.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm Western Union Money Transfer Service Loaf 'N Jug. Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -104.7581101
    Latitude
    38.7811886

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail investment, fully leased.
    Where is this lifestyle center located?
    The property is located at 3705 Drennan Rd Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: 30,060 SF shopping center in Colorado Springs, CO, offered at $5,750,000 ($191.28/SF).; 100% occupancy with NNN leases.; New roof and paved parking lot.
    Request Owner's contact information
    3705 Drennan Rd Colorado Springs, CO 80910
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    Colorado Springs, CO 80910
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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
    3705 Drennan Rd Colorado Springs, CO 80910
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