8955 Drennan Rd Colorado Springs, CO 80925

This exceptional investment opportunity presents a 45,251-square-foot office and retail building situated on a substantial 10-acre lot in Colorado Springs, CO. The property is currently occupied by L3Harris Technologies, a leading American technology company with an investment-grade credit rating (S&P: BBB), under a Net Net lease. The lease commenced December 4, 2017, and expires February 26, 2026, with two remaining three-year renewal options, each including a 2% annual rent increase. The building, constructed in 1984, comprises 37,561 square feet of office and lab space, and 7,690 square feet of warehouse space. L3Harris has a 24+ year operating history at this location and has consistently expanded its footprint. The property boasts a strong financial profile, with a current asking price of $6,750,000 and a 7.64% cap rate, generating a Net Operating Income (NOI) of $515,515. Its strategic location near the Colorado Springs Airport, Fort Carson Military Base, and the Air Force Academy adds significant value. This is a rare opportunity to acquire a high-quality, single-tenant asset with a long-term, creditworthy tenant and significant upside potential. The property's address is 8955 Drennan Road, Colorado Springs, CO 80925, and its APN is 5503201001.