6755 Academy BlvdColorado Springs, CO 80918

Property Details for 6755 Academy Blvd

Year built

1999

Construction

WOOD FRAME

Lot size

0.32 AC

Property size (Sq ft)

1,120 SF

Zone code

C6 P SS

Property type

Retail space

APN

6309304219

APU

6309304219

Description

This exceptional investment opportunity presents a 1,120 square foot, single-tenant storefront located at 6755 N Academy Blvd, Colorado Springs, CO 80918. The property, built in 1999, sits on a 14,107 square foot lot and is currently 100% occupied by an established medical dispensary under a Net Lease (NNN) agreement. The lease term ensures a stable income stream with an attractive 9.55% cap rate. The property boasts a prime location on North Academy Boulevard, a high-traffic area with over 90,000 vehicles passing daily, providing exceptional visibility and accessibility. The building is zoned C6 P SS and features one story. The current lease expires November 18, 2024. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location with potential for future redevelopment. The asking price is $550,000. The property's APN is 6309304219. This investment offers a strong return with a long-term tenant in a high-demand area. The property has been completely renovated.

• CAP approach

  CAP return

  Valuation

  6%

  $360,124

  6.5%

  $332,422

  7%

  $308,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,187

  Geo Method

  $233,187

• Alternative Use

  Use

  Valuation

  Residential

  $280,410

  Hospitality

  $256,855

  Educational

  $213,700

  Medical

  $221,049

  Retail

  $332,422

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9292

Longitude

-104.793

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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