7376 Mclaughlin RdFalcon, CO 80831

Property Details for 7376 Mclaughlin Rd

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.93 AC

Property size (Sq ft)

26,235 SF

Zone code

CR

Property type

Strip malls

Property subtype

Neighborhood centers

APN

4307202022

APU

4307202022

Description

The Shops at Woodmen Hills, a thriving retail center in Falcon, Colorado, presents a compelling investment opportunity. This 27,658 square foot property, built in 2003 and situated on 2.93 acres, enjoys a highly visible location at the intersection of East Woodmen Road and McLaughlin Road, serving as a prominent gateway to the town from I-25. The center benefits from excellent access and is strategically positioned near major retailers including Walmart, Safeway, and a planned King Soopers, ensuring high traffic and visibility. Currently, the property is 92.6% occupied, featuring a strong tenant mix of national brands such as Dollar Tree, AT&T, Domino's Pizza, and Fred Loya. One 2,040 square foot space is currently available. The average in-place rent is $14.37 per square foot ($18.62 excluding Dollar Tree), supported by long-term leases. The property offers a Net Operating Income (NOI) of $399,808 and is offered at an asking price of $5,700,000, resulting in a 7.01% capitalization rate. This represents a significant opportunity to capitalize on the exceptional growth experienced in Falcon and the surrounding El Paso County area. The property consists of eight units. This retail center provides immediate return on investment in one of the fastest-growing areas in Colorado.

• CAP approach

  CAP return

  Valuation

  6%

  $8,435,583

  6.5%

  $7,786,692

  7%

  $7,230,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,462,190

  Geo Method

  $5,462,190

• Alternative Use

  Use

  Valuation

  Residential

  $6,568,366

  Hospitality

  $6,016,588

  Educational

  $5,005,730

  Medical

  $5,177,885

  Retail

  $7,786,692

Location Insight

City

Peyton

County

El Paso

State

Colorado

Latitude

38.9399

Longitude

-104.607

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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