Historical Retail Sale Listing - 24 Hour Sport Fitness Center

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24 Hour Sport Fitness Center

3650 Austin Bluffs Parkway, Unit 197, Colorado Springs, CO 80918

N/A

44,485 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
44,485 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Street Retail
Retail (Other)
Property Use Type:
Investment
Cap Rate:
7.16%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
1974
Listing ID
14665962
Last Updated
over 1 year ago

Highlights

  • Great Locaton
  • Option Periods with Scheduled Rent Increases
  • NNN Lease Investment
  • 100% Occupancy

Description

As the exclusive agent for the Owner, DePaul Real Estate Investment Group, Inc., is pleased to offer the fee-simple interest for this highly desirable retail property located in Colorado Springs, Colorado. Situated in the redevelopment of Marketplace at Austin Bluffs along Austin Bluffs Parkway and Academy Boulevard, one of Colorado Springs' busiest arteries, 24 Hour Fitness at the Marketplace at Austin Bluffs offers investors the opportunity of a highly visible single-tenant retail building in an established neighborhood. The subject propety is a NNN leased, 44,485 square foot 24 Hour Sport Fitness Center, with good visibility, excellent access and ample parking.

The Colorado Springs metropolitan area, which includes all of El Paso County, exceeds 500,000, and, according to the Colorado Business Economic Outlook, Colorado Springs is the 18th fastest growing city in the US and the 80th largest city. The business community is Colorado Springs currently has over 1,000 large businesses primarily in the information an technology industry.

The neighborhood around the subject property is a stable, middle-class area of single family homes to the north and west, and retail to the south and the east. Academy Boulevard the north/south road on the east property border is a 20-mile long road with retail centers serving most of Colorado Springs. The subject property is located approximately at the center of Academy Boulevard.

Map of 3650 Austin Bluffs Parkway, Unit 197, Colorado Springs, CO 80918 (El Paso County)

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