0 Truenorth Cmns Colorado Springs, CO 80921
TrueNorth Commons offers a unique investment opportunity in a high-traffic location at the northwest corner of I-25 and Northgate Blvd. This Class A retail center, comprised of two buildings totaling 12,800 square feet, is currently 100% vacant and ready for immediate occupancy. The property is zoned PBC and situated on 0.53 to 0.98 acres in El Paso County. Spaces are divisible to a minimum of 5,600 square feet, with a maximum contiguous space of 7,200 square feet. This development is strategically located adjacent to a new Air Force Academy Visitor Center and a 375-room, four-star hotel and conference center (under construction), scheduled to open Spring 2025. The project benefits from the high tourism associated with the Air Force Academy (nearly one million visitors annually), the Academy's 4,000+ students and 516 staff, and numerous sporting and academic events. The retail center's projected opening is December 2025, offering immediate access to a robust and growing market. This presents a rare chance to establish a presence in a thriving area with significant future growth potential. The property's location at the gateway to the U.S. Air Force Academy ensures high visibility and consistent foot traffic. The presence of a new hotel and visitor center will further enhance the area's appeal and draw even more visitors to the retail center. This is an exceptional opportunity for businesses seeking a high-profile location with strong demographics and significant future development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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