1856 Democracy Pt Colorado Springs, CO 80908
- Retail properties
- 4,228 SF
- 0.71 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1856 Democracy Pt
- Year built
- 2023
- Lot size
- 0.71 lot acres
- Property size
- 4,228 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.796
- Latitude
- 38.9902
