1245 Tenderfoot Hill RdColorado Springs, CO 80906

Property Details for 1245 Tenderfoot Hill Rd

Year built

2014

Lot size

1.03 AC

Property size (Sq ft)

8,439 SF

Property type

Retail properties

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

Latitude

38.7928

Longitude

-104.804

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