Prime Retail Investment - Academy Commons | 1614 S Academy Blvd
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Prime Retail Investment - Academy Commons 1614 S Academy Blvd
9,600 SF 100% Leased Retail Building Colorado Springs, CO 80916 $3,973,080 CAD ($414 CAD/SF) 6.75% Cap Rate
Investment Highlights
- The asset benefits from the traffic generated by the Walmart Neighborhood Market shadow anchor provides exposure for the patrons at this site.
- Income investors will benefit from the stable cashflow with no lease rollovers until 2026.
- Large Monument sign for property placed directly on S Academy Blvd.
- Strategically located just off of major thoroughfares of Academy Blvd., East Fountain Blvd., Chelton Rd and S. Murray Blvd.
- Academy Commons is surrounded by national businesses with solid mix of e-commerce resistant tenants consisting of restaurants and service based users.
Executive Summary
Introducing ACADEMY COMMONS located at 1416 S ACADEMY BLVD, COLORADO SPRINGS, CO 80916! This prime retail property is a neighborhood shopping center offering 9,600 SF of space on a 1.32-acre lot, featuring 5 units with 100% occupancy. Priced at $2,825,000 with a cap rate of 6.75%, the property boasts a stable cash flow with no tenant turnover until 2026. With a strategic location near major thoroughfares and the Walmart Neighborhood Market shadow anchor, ACADEMY COMMONS benefits from high traffic and excellent exposure. The property is home to a mix of e-commerce-resistant tenants, including restaurants and service-based users, ensuring a steady income stream for investors. Don't miss this opportunity to acquire a fully stabilized retail strip center in a premier retail district, offering a stable cash flow and a desirable location for businesses. Contact us today for more information!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,600 SF
Building Class
B
Year Built
2017
Price
$3,973,080 CAD
Price Per SF
$414 CAD
Cap Rate
6.75%
NOI
$268,183 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Land Acres
1.32 AC
Zoning
PBC - Planned Business Center
Parking
44 Spaces (4.58 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 64271-11-073 | Improvements Assessment | $804,406 CAD |
| Land Assessment | $93,916 CAD | Total Assessment | $898,322 CAD |
PROPERTY TAXES
Parcel Number
64271-11-073
Land Assessment
$93,916 CAD
Improvements Assessment
$804,406 CAD
Total Assessment
$898,322 CAD
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RE/MAX Properties, Inc.
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Prime Retail Investment - Academy Commons | 1614 S Academy Blvd
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