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107 Nevada Ave Colorado Springs, CO 80903

OFF-MARKET Retail properties & Spaces Google Maps
Estimated value
No estimation on file for this property yet.
Property ID US13-2591185

Property summary

AI-generated overview

This fully operational cannabis dispensary in Colorado Springs, CO, is offered at $1,700,000. Boasting 4,500 sq ft (3,400 sq ft retail), it generated $2.8M in gross revenue in 2023 and is on track for $2M in 2024. The 5-year lease (with a 5-year option) costs $3,700/month + NNN. The sale includes all equipment: six POS systems with debit card terminals, three safes, an ATM, thirteen display cases, seven refrigerators, all inventory, packaging, supplies, computers, office equipment, furniture, decorations, and two DVR systems with 24 cameras. Ten or more parking spaces are available. Thirty days of seller training are provided. The business employs seven people and holds the necessary licenses for retail storefront cannabis sales. Seller financing is available with a $750,000 down payment. A non-disclosure agreement and proof of financials are required before further details are released.

Property profile

Verified
Property type Retail properties & Spaces
UPID US13-2591185

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • City Government Office
  • Bicycle Rack
  • City Government Office

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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