Property summary
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 profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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