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Executive Summary

T-Gap Marketplace is a stabilized 100% fully-leased neighborhood center in the highly desirable Patty Jewett area just northeast of Downtown Colorado Springs. The center boasts 11 strong local tenants. The tenant mix has great synergy and longevity. The property was fully remodeled between 2018 and 2020 with most mechanical components and finishes being newer. The center is vibrant with great energy from a mix of tenants that support each other and attract clientele from a neighborhood that supports and champions local businesses. Most leases extend out another 3-5 years.
Tenants include: Joey's Pizza, Salon 21, All Proper Tattooing, Pride N Joy Pet Grooming, Wildflower Studio, Whistle Pig Brewing, Sasquatch Cookies, Hot Asana Yoga, Rohr Coffee, and Reed Chiropractic.
Parking lot was recently sealed and striped

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $377,000 $23.38
Other Income - -
Vacancy Loss - -
Effective Gross Income $377,000 $23.38
Taxes $42,750 $2.65
Operating Expenses $59,758 $3.71
Total Expenses $102,508 $6.36
Net Operating Income $274,492 $17.03

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $377,000
Annual Per SF $23.38
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $377,000
Annual Per SF $23.38
Taxes
Annual $42,750
Annual Per SF $2.65
Operating Expenses
Annual $59,758
Annual Per SF $3.71
Total Expenses
Annual $102,508
Annual Per SF $6.36
Net Operating Income
Annual $274,492
Annual Per SF $17.03

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,122 SF
Building Class
B
Year Built
1957
Price
$3,950,000
Price Per SF
$245.01
Cap Rate
6.74%
NOI
$266,299
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.46 AC
Zoning
PBC/CR SS - PBC/SS/CR
Parking
50 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
361’ on Templeton Gap Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Hot Asana Yoga of Colorado
  • Arts, Entertainment, and Recreation
  • -
  • -
  • -
  • Jun 2027
  • Joey's Pizza
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -
  • One Stop Barber Shop
  • Services
  • -
  • -
  • -
  • -
  • Pride 'N' Joy Pet Grooming
  • Services
  • -
  • -
  • -
  • -
  • Reed Chiropractic
  • Services
  • -
  • -
  • -
  • -
  • Rohr Coffee
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Salon 21
  • Services
  • -
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Sasquatch Cookies is the marrying of our three greatest passions: food, people, and giving. We create delicious, Sasquatch-sized cookies in thirteen different flavors that you can mix and match. We cause taste buds to sing and people do a little happy dance around their homes from the cookie goodness. We dress up in a Sasquatch Costume and deliver fresh-baked, warm cookies all around our community. We laugh with our neighbors as they send and receive cookies from the big man himself. We care for people and desire to leave good footprints across our community. Everyday day we have people send each other cookies to let them know they care. We have moms and dads sending their children cookies to celebrate good grades and small victories. We have family from the other side of the country sending local college students thinking of you cookies and you can do this cookies.

  • Whistle Pig Brewing
  • Accommodation and Food Services
  • -
  • -
  • -
  • -
  • Wildflower Studio
  • Retailer
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Hot Asana Yoga of Colorado Arts, Entertainment, and Recreation - - - Jun 2027
Joey's Pizza Accommodation and Food Services - - Triple Net -
One Stop Barber Shop Services - - - -
Pride 'N' Joy Pet Grooming Services - - - -
Reed Chiropractic Services - - - -
Rohr Coffee Accommodation and Food Services - - - -
Salon 21 Services - - - -
Accommodation and Food Services - - - -
Whistle Pig Brewing Accommodation and Food Services - - - -
Wildflower Studio Retailer - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 120
  • 892 SF
  • Retail
  • -
  • Now

This is an excellent turnkey retail space. The in-line space sits at the heart of this vibrant neighborhood center with excellent foot traffic.

  • 160
  • 962 SF
  • Retail
  • -
  • Now

This light and bright endcap offers exceptional visibility in a vibrant neighborhood center with excellent foot traffic. This is a sublease through March, 2028. The landlord is open to working with the existing tenant and subtenant on extensions or longer terms if needed. The space is nicely finished for retail or office use and includes an ADA bathroom.

Space Size Space Use Position Available
120 892 SF Retail - Now
160 962 SF Retail - Now

120

Size
892 SF
Space Use
Retail
Position
-
Available
Now

160

Size
962 SF
Space Use
Retail
Position
-
Available
Now

120

Size 892 SF
Space Use Retail
Position -
Available Now

This is an excellent turnkey retail space. The in-line space sits at the heart of this vibrant neighborhood center with excellent foot traffic.

160

Size 962 SF
Space Use Retail
Position -
Available Now

This light and bright endcap offers exceptional visibility in a vibrant neighborhood center with excellent foot traffic. This is a sublease through March, 2028. The landlord is open to working with the existing tenant and subtenant on extensions or longer terms if needed. The space is nicely finished for retail or office use and includes an ADA bathroom.

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Very bikeable
80/100

Nearby Major Retailers

Safeway
Wells Fargo Home Mortgage
Buffalo Wild Wings
VASA Fitness
Walmart Grocery Pickup & Delivery
Curves
Charlie Brown's Fresh Grill

Property Taxes

Property Taxes

Parcel Number
64052-15-013
Land Assessment
$0 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$787,030 (2026)
Annual Taxes
$42,750 ($2.65/SF)
Tax Year
2025
  • Listing ID: 34853329

  • Date on Market: 2/17/2025

  • Last Updated:

  • Address: 2107 Templeton Gap Rd, Colorado Springs, CO 80907

Contact the Sale Advisor

2107 Templeton Gap Rd

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