1828 Spg Water Pt Colorado Springs, CO 80921

This exceptional Class A, two-story retail storefront in Colorado Springs, CO, presents a compelling investment opportunity. Located at 1828 Spring Water Pt, 80921, this 14,926 square foot building sits on an 11,883 square foot lot and boasts a prime location near I-25 & Interquest Pkwy, surrounded by thriving businesses including In-n-Out Burger, Slim Chickens, and more. The property, built in 2008 and extensively renovated in 2022, is currently 100% occupied by five tenants under NNN leases, with a lease commencement date of January 1, 2022, and an expiration date of November 30, 2028. The current Net Operating Income (NOI) is $397,952, yielding a 6.63% cap rate. Tenants include a diverse mix of businesses such as a salon, beauty supply store, yoga studio, pet grooming service, and a comedy club. The asking price is $6,000,000, translating to $401.98 per square foot. The property is zoned PUD and features a multi-tenant configuration. This investment offers a strong, stable income stream with significant upside potential in a rapidly growing area. The building consists of one structure with two stories. All first-floor tenants commenced occupancy on January 4, 2022, with the second-floor tenant anticipated to occupy in August 2022. Each tenant has signed a lease term of either five or seven years.