For Sale
Call for price

4302 Austin Bluffs PkwyColorado Springs, CO 80918

Prime Retail Space, Verizon-Leased

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional retail investment opportunity presents a 2017-built, continuously occupied property located at 4302 Austin Bluffs Parkway in Colorado Springs, Colorado, zip code 80918. The property boasts a highly desirable location on a heavily trafficked area of Austin Bluffs Parkway and Academy Boulevard, situated within a thriving retail center alongside over 25 national retailers. The tenant, Cellular Sales of Knoxville Inc., is the largest Verizon Authorized Retailer in the U.S., providing exceptional lease security with a strong financial backing from their 800+ locations. The current lease is a 5-year Net-Net lease (NN Lease) with minimal landlord responsibilities and includes a beneficial 10% rental increase provision during the option period. This property benefits from a 6.00% capitalization rate, reflecting a strong return on investment. The property is situated within a dense and affluent retail corridor in the highly sought-after, stable, and growing Colorado Springs Metropolitan Statistical Area (MSA), promising outstanding demographics and anticipated long-term growth. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment in a prime Colorado Springs location. The property is offered for sale and presents a compelling investment opportunity for discerning buyers seeking a stable and appreciating asset.

Highlights

  • 2017-built, continuously occupied retail property.
  • Exceptional lease guaranteed by the largest Verizon Authorized Retailer in the U.S.
  • Cellular Sales of Knoxville Inc. (800+ locations) as tenant.
  • Prime location in a dense, affluent Colorado Springs retail corridor.
  • 5-year Net-Net lease with minimal landlord responsibilities and 10% rental increases during the option period.
  • Highly trafficked location on Austin Bluffs Parkway & Academy Boulevard.

Property Details for 4302 Austin Bluffs Pkwy

Property type
Retail properties

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8956671
Longitude
-104.7501664
4302 Austin Bluffs Pkwy, Colorado Springs, Colorado

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4302 Austin Bluffs Pkwy
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