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2446 E Platte Ave 2,719 SF Retail Building Colorado Springs, CO 80909 $850,000 ($312.61/SF) 6.31% Cap Rate
Investment Highlights
- Situated on East Platte Avenue, a high-traffic arterial with 35,000+ vehicles per day, supporting strong visibility and accessibility.
- Over 286,000 residents within a 5 mile radius and average household incomes exceeding $88,000.
- Located in one of Colorado’s fastest-growing MSAs, supported by a diversified economy anchored by military, healthcare, aerospace, and technology empl
- EZ Brake & Service is a locally established auto repair operator providing essential services with recurring demand.
- 2,719 SF building on a 0.44-acre lot featuring six service bays (three drive-thru / three drive-in) and two pits. Well suited for continued automotive
Executive Summary
Transwestern is pleased to present the exclusive offering of 2446 E Platte Ave, a fee-simple, net-leased automotive service facility located in Colorado Springs, Colorado. The property is leased to EZ Brake & Service, an automotive repair operator, under a newly executed five-year net lease with annual rent increases and a CPI-based renewal option.
The offering provides investors with durable cash flow supported by a service-oriented tenant in a dense, infill trade area with strong traffic counts and growing demographics. The asset is strategically positioned along East Platte Avenue, a major arterial serving over 35,000 vehicles per day, and benefits from proximity to a plethora of national retailers, UCHealth Memorial Hospital and the U.S. Olympic Training Center.
The offering provides investors with durable cash flow supported by a service-oriented tenant in a dense, infill trade area with strong traffic counts and growing demographics. The asset is strategically positioned along East Platte Avenue, a major arterial serving over 35,000 vehicles per day, and benefits from proximity to a plethora of national retailers, UCHealth Memorial Hospital and the U.S. Olympic Training Center.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,719 SF
Building Class
B
Year Built
1988
Price
$850,000
Price Per SF
$312.61
Cap Rate
6.31%
NOI
$53,642
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.44 AC
Zoning
C6
Parking
13 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
71’ on E Platte Ave
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 64161-03-076 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $111,550 |
Property Taxes
Parcel Number
64161-03-076
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$111,550
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2446 E Platte Ave
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