1245 Tenderfoot Hill Rd, Colorado Springs, CO 80906

Property Details for 1245 Tenderfoot Hill Rd

Year built

2014

Lot size

1.03 lot acres

Property type

Retail properties & Spaces

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple, 8,439 square foot storefront in Colorado Springs, CO, currently leased to Little Sunshine's Playhouse & Preschool. The property boasts a 100% occupancy rate under a 15-year absolute NNN lease (with two 10-year renewal options), commencing April 28, 2014, and expiring June 30, 2035. The lease includes a significant 10% rent increase every five years, ensuring consistent income growth. The property generates a substantial NOI of $347,341, resulting in a compelling 6.25% cap rate. Located at a hard corner signalized intersection with 21,493 vehicles per day, the property benefits from high visibility and accessibility. The 1.03-acre lot provides ample parking for 29 vehicles. The property is situated in a thriving trade area with 216,653 residents and an average household income of $94,157. Its proximity to I-25 (51,920 vehicles per day), Colorado Springs Airport, Peterson Space Force Base, and the U.S. Air Force Academy further enhances its desirability. The tenant, a top 50 early education operator with 35 schools nationally, provides a strong corporate and personal guarantee, mitigating risk. The preschool is fully enrolled with a substantial waiting list, indicating strong demand and future growth potential. Built in 2014, this property offers a secure, long-term investment with significant upside. The surrounding area includes numerous K-12 schools, contributing to a robust daytime population of 236,463 within a 5-mile radius.

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Longitude

-104.804

Latitude

38.7928