4302 Austin Bluffs Pkwy Colorado Springs, CO 80918

Property Details for 4302 Austin Bluffs Pkwy

Property type

Retail properties

Description

This exceptional retail investment opportunity presents a 2017-built, continuously occupied property located at 4302 Austin Bluffs Parkway in Colorado Springs, Colorado, zip code 80918. The property boasts a highly desirable location on a heavily trafficked area of Austin Bluffs Parkway and Academy Boulevard, situated within a thriving retail center alongside over 25 national retailers. The tenant, Cellular Sales of Knoxville Inc., is the largest Verizon Authorized Retailer in the U.S., providing exceptional lease security with a strong financial backing from their 800+ locations. The current lease is a 5-year Net-Net lease (NN Lease) with minimal landlord responsibilities and includes a beneficial 10% rental increase provision during the option period. This property benefits from a 6.00% capitalization rate, reflecting a strong return on investment. The property is situated within a dense and affluent retail corridor in the highly sought-after, stable, and growing Colorado Springs Metropolitan Statistical Area (MSA), promising outstanding demographics and anticipated long-term growth. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment in a prime Colorado Springs location. The property is offered for sale and presents a compelling investment opportunity for discerning buyers seeking a stable and appreciating asset.