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1856 Democracy Pt 4,228 SF 100% Leased Retail Building Colorado Springs, CO 80921 $3,700,000 ($875.12/SF) 5.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Highly visible building with Interquest Parkway frontage.
- Nearby Amenities Include: Scheels, Great Wolf Lodge Water Park, Main Event, Icon Cinema, hotels, restaurants and more.
- Less than 1 mile from Interstate 25.
EXECUTIVE SUMMARY
NAI Affinity presents an exceptional investment: a brand new restaurant property in the bustling Victory Ridge mixed-use development in northern Colorado Springs. Ideally situated less than a mile from Interstate 25 with frontage on Interquest Parkway, this prime location ensures high visibility and easy access. The surrounding area boasts a dynamic mix of major retailers, large office complexes, entertainment venues, hotels, and numerous residential apartments, guaranteeing a diverse and steady customer base. Located on the vibrant Interquest Parkway corridor, known for its array of dining options, this property stands out with its inviting rooftop patio and outdoor seating areas,
designed to attract and retain patrons.
designed to attract and retain patrons.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,228 SF
Building Class
A
Year Built
2023
Price
$3,700,000
Price Per SF
$875.12
Cap Rate
5.96%
NOI
$220,495
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.71 AC
Zoning
PUD
Parking
40 Spaces (9.46 Spaces per 1,000 SF Leased)
Frontage
553’ on Democracy Point
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 62204-02-015 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $455,830 |
PROPERTY TAXES
Parcel Number
62204-02-015
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$455,830
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1856 Democracy Pt
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