1824 Democracy Pt 12,992 SF 100% Leased Retail Building Colorado Springs, CO 80908 $9,040,000 ($695.81/SF) 5.85% Cap Rate
EXECUTIVE SUMMARY
100% Occupied Multi-Tenant NNN Investment | Irreplaceable, Generational Real Estate Within One of the Nation’s Fastest-Growing Commercial Corridors
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,992 SF
Building Class
B
Year Built
2024
Price
$9,040,000
Price Per SF
$695.81
Cap Rate
5.85%
NOI
$528,627
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.99 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Paris Baguette is a French-inspired bakery café with South Korean roots. They opened their first US café in 2005 and they are growing rapidly. At Paris Baguette, their vision is to re-establish the bakery café as the heart of the community. They serve expertly crafted baked and brewed goods to their guests made with the highest quality ingredients made by their skilled cakers, bakers, and baristas. Guests can taste the difference in their pastries, cakes, and breads that are made fresh on-site at each café while enjoying a warm and welcoming bakery café experience that delivers joy to everyone.
- Teriyaki Madness
- Accommodation and Food Services
- -
- -
- Mar 2035
- The Halal Guys
- Services
- -
- -
- Aug 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - | ||
| Teriyaki Madness | Accommodation and Food Services | - | - | Mar 2035 | ||
| The Halal Guys | Services | - | - | Aug 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 62204-02-002 | Improvements Assessment | $227,160 |
| Land Assessment | $556,250 | Total Assessment | $783,410 |
