Chelton Shopping Center 1930-2070 S Academy Blvd 66,974 SF 77% Leased Retail Building Colorado Springs, CO 80916 $5,800,000 ($86.60/SF) 8% Cap Rate

CBRE’s National Retail Partners - Mountain, as exclusive agent for Ownership, is pleased to offer the opportunity to acquire Chelton Center (the “Property”), a 66,974 square foot neighborhood shopping center located along South Academy Boulevard, providing easy access to the Colorado Springs metro area.
Chelton Center consists of 12 condominium units within the Chelton Centre Condominium Association. The Property is currently 76.7% occupied with triple-net leases featuring long-term occupancies and value-add opportunity by lease up of vacant space.
Chelton Center is strategically positioned on Chelton Road and South Academy Boulevard, a major north-south traffic artery through Colorado Springs with exposure to over 52,000 vehicles per day. The Property meets all the necessary fundamentals of a viable retail destination and benefits from the premier visibility and consumer traffic volumes from the surrounding trade area including major industrial retailers, two major military bases and the Colorado Springs Airport. The trade area offers strong demographic densities with over 101,900 residents and 101,600 daytime population within a 3-mile radius of the Property. Chelton Center is being offered free and clear and on an “As-is, Where-is” basis.