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2050 Southgate Rd 46,614 SF Retail Condo Unit Offered at $6,955,500 in Colorado Springs, CO 80906
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 64304-06-020 |
| Cap Rate | 7.40% |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| APN/Parcel ID | 64304-06-020 |
Description
As the Exclusive Agent for the seller, SVN Denver is proud to present this long-term single-tenant investment opportunity. The subject property is located in the popular Broadmoor Towne Center with 9 years +/- remaining on the lease with Big R, which operates 39 successful locations across CO, NM, KS, OK, and TX. Big R's initial rent/sf is below market, currently at $11/sf. National tenants adjacent to the property include Home Depot, Ross, PetSmart, Michael’s, Red Robin, Chipotle, Ulta, and Old Navy.
The subject Big R is located in the popular Broadmoor Town Center at the SWC of Nevada Ave (aka CO Hwy 115) & Lake Ave, averaging over 60,000 vehicles per day, just east of I25 in Southeast Colorado Springs. The Broadmoor Towne Center is the premier shopping destination near the legendary 5-star/5-diamond Broadmoor resort.
The subject Big R is located in the popular Broadmoor Town Center at the SWC of Nevada Ave (aka CO Hwy 115) & Lake Ave, averaging over 60,000 vehicles per day, just east of I25 in Southeast Colorado Springs. The Broadmoor Towne Center is the premier shopping destination near the legendary 5-star/5-diamond Broadmoor resort.
Sale Notes
As the Exclusive Agent for the seller, SVN Denver is proud to present this long-term single-tenant investment opportunity. The subject property is located in the popular Broadmoor Towne Center with 9 years +/- remaining on the lease with Big R, which operates 39 successful locations across CO, NM, KS, OK, and TX. Big R's initial rent/sf is below market, currently at $11/sf. National tenants adjacent to the property include Home Depot, Ross, PetSmart, Michael’s, Red Robin, Chipotle, Ulta, and Old Navy.
The subject Big R is located in the popular Broadmoor Town Center at the SWC of Nevada Ave (aka CO Hwy 115) & Lake Ave, averaging over 60,000 vehicles per day, just east of I25 in Southeast Colorado Springs. The Broadmoor Towne Center is the premier shopping destination near the legendary 5-star/5-diamond Broadmoor resort.
The subject Big R is located in the popular Broadmoor Town Center at the SWC of Nevada Ave (aka CO Hwy 115) & Lake Ave, averaging over 60,000 vehicles per day, just east of I25 in Southeast Colorado Springs. The Broadmoor Towne Center is the premier shopping destination near the legendary 5-star/5-diamond Broadmoor resort.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 100 | 46,614 SF | Retail | $6,955,500 ($149.21/SF) | $514,707 |
Unit 100
| Unit Size |
| 46,614 SF |
| Condo Use |
| Retail |
| Price |
| $6,955,500 ($149.21/SF) |
| NOI |
| $514,707 |
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Unit 100
| Unit Size | 46,614 SF |
| Condo Use | Retail |
| Price | $6,955,500 ($149.21/SF) |
| NOI | $514,707 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| APN/Parcel ID | 64304-06-020 |
| Description | |
| As the Exclusive Agent for the seller, SVN Denver is proud to present this long-term single-tenant investment opportunity. The subject property is located in the popular Broadmoor Towne Center with 9 years +/- remaining on the lease with Big R, which operates 39 successful locations across CO, NM, KS, OK, and TX. Big R's initial rent/sf is below market, currently at $11/sf. National tenants adjacent to the property include Home Depot, Ross, PetSmart, Michael’s, Red Robin, Chipotle, Ulta, and Old Navy.<br> <br> The subject Big R is located in the popular Broadmoor Town Center at the SWC of Nevada Ave (aka CO Hwy 115) & Lake Ave, averaging over 60,000 vehicles per day, just east of I25 in Southeast Colorado Springs. The Broadmoor Towne Center is the premier shopping destination near the legendary 5-star/5-diamond Broadmoor resort.</li></ul> | |
| Sale Notes | |
| As the Exclusive Agent for the seller, SVN Denver is proud to present this long-term single-tenant investment opportunity. The subject property is located in the popular Broadmoor Towne Center with 9 years +/- remaining on the lease with Big R, which operates 39 successful locations across CO, NM, KS, OK, and TX. Big R's initial rent/sf is below market, currently at $11/sf. National tenants adjacent to the property include Home Depot, Ross, PetSmart, Michael’s, Red Robin, Chipotle, Ulta, and Old Navy.<br> <br> The subject Big R is located in the popular Broadmoor Town Center at the SWC of Nevada Ave (aka CO Hwy 115) & Lake Ave, averaging over 60,000 vehicles per day, just east of I25 in Southeast Colorado Springs. The Broadmoor Towne Center is the premier shopping destination near the legendary 5-star/5-diamond Broadmoor resort.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 145,270 SF | Typical Floor Size | 46,614 SF |
| Property Type | Retail (Condo) | Year Built | 1959 |
| Property Subtype | Storefront | Tenancy | Single |
| Building Class | C | Lot Size | 9.74 AC |
| Floors | 1 | Parking Ratio | 8.58/1,000 SF |
| Zoning | C5 | ||
| Total Building Size | 145,270 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 46,614 SF |
| Year Built | 1959 |
| Tenancy | Single |
| Lot Size | 9.74 AC |
| Parking Ratio | 8.58/1,000 SF |
| Zoning | C5 |
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
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2050 Southgate Rd
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