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1990 S Academy Blvd 24,625 SF Retail Building Colorado Springs, CO 80916 $2,724,521 ($110.64/SF)
INVESTMENT HIGHLIGHTS
- High Exposure Retail Location - monument signage and compelling traffic counts in excess of 51,000 daily traffic counts
- Upside Potential - Value-Add through re-tenanting or redevelopment of junior box space, vacated by Big Lots
- Synergy and cross-over traffic generated by nearby retailers including Walmart Neighborhood Market, the #4 Most Visited Chain location in Colorado
EXECUTIVE SUMMARY
CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire 1990 South Academy (the “Property”), a vacant junior box unit at Chelton Center, a neighborhood shopping center in Colorado Springs, Colorado. The Property features 24,625 SF that has been vacated by Big Lots.
1990 South Academy is strategically positioned on Chelton Road and South Academy Boulevard, a major north-south traffic artery through Colorado Springs with exposure to over 51,000 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 101,100 residents and 101,400 daytime population within a 3-mile radius of the Property.
1990 South Academy is being offered free and clear and on an as-is, where-is basis.
1990 South Academy is strategically positioned on Chelton Road and South Academy Boulevard, a major north-south traffic artery through Colorado Springs with exposure to over 51,000 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 101,100 residents and 101,400 daytime population within a 3-mile radius of the Property.
1990 South Academy is being offered free and clear and on an as-is, where-is basis.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
24,625 SF
Building Class
B
Year Built
1984
Price
$2,724,521
Price Per SF
$110.64
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Lot Size
0.57 AC
Zoning
PBC CU AO - Commercial
AMENITIES
- Signage
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 64271-21-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $317,310 |
PROPERTY TAXES
Parcel Number
64271-21-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$317,310
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1990 S Academy Blvd
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