1107 Drake RdFort Collins, CO 80526

Property Details for 1107 Drake Rd

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.59 AC

Property size (Sq ft)

8,080 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

97271-58-001

APU

9727158001

Description

This 1,521 square foot retail space is located in Suite E-2 of the Cimarron Shopping Center at 1107 W Drake Rd, Ft Collins, CO. Situated within a vibrant shopping center, this property boasts excellent foot traffic and high visibility due to its convenient location with easy access from Shield Street. The space is ideal for financial services businesses and offers a fantastic opportunity to establish a presence in a thriving community. One space is currently available for lease, offering a great chance for businesses seeking a well-established location. Tenants benefit from the opportunity to advertise on the digital monument sign visible from Drake and Shields Streets, enhancing marketing reach. The lease terms include a first month's rent and a security deposit totaling $4,350, due at lease signing. The property is available for occupancy on December 31, 2024. The lease is a triple net (NNN) lease with a base rent of $23.00 per square foot, and additional NNN expenses of $11.26 per square foot. This presents a compelling opportunity for businesses seeking a high-traffic, well-located retail space in a flourishing Fort Collins neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,837,853

  6.5%

  $2,619,557

  7%

  $2,432,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,346,710

  Geo Method

  $1,682,275

• Alternative Use

  Use

  Valuation

  Residential

  $2,209,694

  Hospitality

  $2,024,068

  Educational

  $1,684,001

  Medical

  $1,741,916

  Retail

  $2,619,557

Location Insight

City

Fort Collins

County

Larimer

State

Colorado

Latitude

40.5522

Longitude

-105.096

CBSA code

22660

CBSA name

FORT COLLINS-LOVELAND, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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