Historical Retail Sale Listing - Shops at Austin Bluffs

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Shops at Austin Bluffs

3610 & 3650 Austin Bluffs Parkway, Colorado Springs, CO 80918

N/A

52,453 SF | Retail

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Shops at Austin Bluffs

Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
52,453 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Additional Sub-types:
Free Standing Bldg
Retail Pad
Anchor
Property Use Type:
Investment
Cap Rate:
7%
Occupancy:
100%
Tenancy:
Multiple
Year Built:
1977
Listing ID
14690425
Last Updated
over 1 year ago

Highlights

  • 100% Occupancy
  • Scheduled Rent Increases
  • Excellent Visibility
  • High Traffic Exposure

Description

DePaul Real Estate Investment Group, Inc. is pleased to present this net leased retail investment property offered at the Shops at Austin Bluffs Mall in Colorado Springs, Colorado. Offering 24-Hour Fitness and Goodyear Tire pad only, this triple-anchored shopping center features King Soopers, Hancock Fabrics and numerous other pads on Colorado Springs' busy Academy Boulevard.

Goodyear Tire has been open at the center since 1977 and recently exercised the first of its lease renewal options, extending the lease term through September 2016. 24-Hour Fitness is included in the renovation plan for the shopping center, which consists of repositioning the indoor mall for triple-anchor community center format. Seller is offering renovated fascia of the 24-Hour Fitness building to match new construction. Please call for details.

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

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 centers serving much of Colorado Springs. The subject property is located approximately at the center of Academy Boulevard.

Map of 3610 & 3650 Austin Bluffs Parkway, Colorado Springs, CO 80918 (El Paso County)

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Created 7/5/2006