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Sprouts 1730 Dublin Blvd 29,668 SF Retail Building Colorado Springs, CO 80918 $5,066,000 ($170.76/SF) 6% Cap Rate
Investment Highlights
- Located Along One of the Busiest Thoroughfares in Colorado Springs
- Rent is Well Below Market at $11/SF | Corporate Guarantee
- Long-Term Occupancy | 17 Years at Current Location
- Lowest Price Point Sprouts STNL on the Market Nationwide
- New 10-Yr Roof Warranty | Recently Extended Lease
Executive Summary
The Meyer/Matthews Team at SVN Denver Commercial is pleased to present a prime retail grocer investment opportunity: a single-tenant Sprouts Farmers Market located in the heart of Colorado Springs. This meticulously maintained property has 8 years remaining on its corporate lease, with 10% rent increase in three years, as well as each option period, making it an ideal choice for passive investors seeking attractive returns in the daily needs grocery sector. Positioned as the primary anchor of a busy neighborhood center, this site benefits from one of the lowest Sprouts rental rates in Colorado, offering exceptional growth and residual value potential.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
29,668 SF
Building Class
B
Year Built
1985
Price
$5,066,000
Price Per SF
$170.76
Cap Rate
6%
NOI
$303,960
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
2.57 AC
Zoning
PBC
Parking
65 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 63084-12-038 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $591,430 |
Property Taxes
Parcel Number
63084-12-038
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$591,430
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