3705 Drennan RdColorado Springs, CO 80910

Property Details for 3705 Drennan Rd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.85 AC

Property size (Sq ft)

31,112 SF

Zone code

C6 AO

Property type

Retail properties

Property subtype

Strip malls

APN

6503103001

APU

6503103001

Description

This exceptional 30,060 square foot shopping center in Colorado Springs, CO, is offered at $5,750,000 ($191.28/sq ft). The property boasts 100% occupancy with a diverse mix of tenants under a NNN lease structure. Recent improvements include a brand new roof and a freshly paved parking lot, ensuring long-term value and curb appeal. Its strategic location near Amazon's substantial 3.7 million square foot warehouse provides significant visibility and access to a large customer base. The well-designed layout offers flexibility for current tenants to expand or for future tenants to join this thriving retail environment. This presents a compelling investment opportunity with a stable income stream and significant potential for future growth and appreciation. The property is located at 3705-3737 Drennan Road, Colorado Springs, CO 80910, in El Paso County. This fully leased, multi-tenant retail center offers a secure investment with immediate returns and long-term upside. The property's modern infrastructure and prime location make it an attractive asset for discerning investors seeking a stable and profitable investment in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $10,003,730

  6.5%

  $9,234,212

  7%

  $8,574,626

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,477,593

  Geo Method

  $6,477,593

• Alternative Use

  Use

  Valuation

  Residential

  $7,789,404

  Hospitality

  $7,135,052

  Educational

  $5,936,280

  Medical

  $6,140,437

  Retail

  $9,234,212

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.781

Longitude

-104.758

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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