Pioneer Plaza 1157-1237 N Circle Dr 19,403 SF 94% Leased Retail Building Colorado Springs, CO 80909 $5,300,000 ($273.15/SF) 7.13% Cap Rate

CBRE National Retail Partners - Mountain is pleased to exclusively offer the opportunity to acquire Pioneer Plaza (the ‘Property’), a grocery shadow anchored, multi-tenant strip center located on North Circle Drive in central Colorado Springs. The Property, originally constructed in 2000, features 19,403-square feet that is currently 93.8% leased to nine tenants and features one vacancy that totals 1,203-square feet. The tenant roster includes strong national brands such as U.S. Army, Armed Forces Career Center, Papa Murphy’s Pizza, Jackson Hewitt, and Supercuts, ensuring stable income streams. Significant draws to Pioneer Plaza include its high-performing shadow anchors, Safeway and ACE Hardware, that generate substantial consumer traffic to the property.
Strategically located at the signalized intersection of North Circle Drive and Galley Road, Pioneer Plaza benefits from exceptional visibility and traffic counts exceeding 44,200 vehicles per day. Positioned within dense demographics, the Property enjoys proximity to key Colorado Springs landmarks including Downtown, the U.S. Olympic Training Center, Colorado College and Academy Boulevard, the city’s primary retail corridor.
Pioneer Plaza is being offered free and clear of existing debt, providing investors the rare opportunity to acquire a small-format, grocery shadow-anchored retail asset in the Colorado Springs MSA.