6809 Space Village Ave Colorado Springs, CO 80915

Property Details for 6809 Space Village Ave

Year built

1986

Lot size

1.97 lot acres

Property size

14,182 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

Peterson Square, located at 6809 Space Village Ave, Colorado Springs, CO 80915, presents a compelling investment opportunity. This 14,182 square foot, multi-tenant retail center sits on a 1.97-acre lot and boasts 102 parking spaces. Built in 1986 and renovated in 2012, the property features nine units and is zoned AO CAD. The property is offered as a fee simple ownership with an absolute NNN lease structure, providing a stable income stream. The asking price is $6,375,000, representing a 7.10% cap rate and a NOI of $452,644. Recent improvements include a new monument sign and restriped parking lot. The property benefits from its strategic location adjacent to the North Gate of Peterson Space Force Base, serving over 45,000 military and civilian personnel. This prime location, coupled with significant recent development in the surrounding area including new residential, retail, and a sports complex, ensures strong demand and potential for future growth. The Colorado Springs MSA has experienced robust population growth (18.6% in the last decade), further supporting the property's investment potential. Lease options and rent bumps are available. This property offers a unique opportunity to acquire a well-maintained, high-performing retail center in a rapidly growing market. The property's proximity to Peterson Space Force Base, combined with the ongoing development in the surrounding area, makes it an attractive investment for those seeking strong returns and long-term growth.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Longitude

-104.7

Latitude

38.8382