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3204-3208 E Platte Ave 4 Properties Offered at $8,290,000 in Colorado Springs, CO
Investment Highlights
- Well Below (46%) Replacement Cost
- Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this
- Over $780k in recent capital improvements
- Asking Price Reduced to $8,290,000 | NOI of $621,893
- New roof on the 29k SF sales center
- New Extension Recently signed through November, 2031
Executive Summary
Excellent single-tenant NNN leased offering in one of the hottest markets in the country. Blue Compass RV, with over 100 locations nationwide (2nd largest RV Dealership in the country), and located along a high-traffic route (42,800+ vehicles daily), maximizing tenant visibility. This location supports both retail and service operations, ideal for the tenant's large-scale dealership model. With a new lease extension through November 2031, this property offers consistent income potential and a secure, long-term return in the expanding South Central Colorado Springs market.
We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893.
Some highlights to note:
• Land Value Alone - $33/SF
• Asking Price Reduced to $8,290,000 | NOI of $621,893
• Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
• Located in Densely Populated Area
• Corporate Guarantee
• New Extension Recently signed through November, 2031
• Over $780k in recent capital improvements
This particular location consistently ranks among the 9th and 12th best performing branches out of 100+ locations nationwide for Blue Compass. Ideal for a 1031 down leg or any investor wanting long-term appreciation and stability.
We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893.
Some highlights to note:
• Land Value Alone - $33/SF
• Asking Price Reduced to $8,290,000 | NOI of $621,893
• Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
• Located in Densely Populated Area
• Corporate Guarantee
• New Extension Recently signed through November, 2031
• Over $780k in recent capital improvements
This particular location consistently ranks among the 9th and 12th best performing branches out of 100+ locations nationwide for Blue Compass. Ideal for a 1031 down leg or any investor wanting long-term appreciation and stability.
Sale Flyer
Property Facts
| Price | $8,290,000 | Number of Properties | 4 |
| Price / SF | $180.89 / SF | Individually For Sale | 1 |
| Cap Rate | 7.50% | Total Building Size | 45,828 SF |
| Sale Type | Investment NNN | Total Land Area | 10.92 AC |
| Status | Active |
| Price | $8,290,000 |
| Price / SF | $180.89 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 1 |
| Total Building Size | 45,828 SF |
| Total Land Area | 10.92 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3208 E Platte Ave, Colorado Springs, CO 80909 | Office | 835 SF | 1975 | - |
| 3204-3208 E Platte Ave, Colorado Springs, CO 80909 | Retail | 29,450 SF | 1967 | $8,290,000 |
| 3204 E Platte Ave, Colorado Springs, CO 80909 | Retail | 12,720 SF | 1970 | - |
| 3204 E Platte Ave, Colorado Springs, CO 80909 | Retail | 2,823 SF | 1967 | - |
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3204-3208 E Platte Ave
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