4609 Austin Bluffs Pky
Colorado Springs, CO 80918
Retail Property For Sale

Blue West Capital is pleased to exclusively market for sale a single tenant Family Dollar property located in Colorado Springs, CO. Family Dollar previously operated at this location as a sub-tenant and just signed a brand new 8-year lease with the landlord. The property is priced significantly below replacement cost at $81.58/SF. The modified gross lease features rent significantly below market of $8.35/SF. The corporately guaranteed lease features 5% rental increases in each renewal option. The 74,854 square foot parcel is priced at $14.36/SF. The Family Dollar is located in a densely populated area with over 16,700 people living within a one mile radius. The property is positioned just north of the heavily trafficked signalized intersection of Austin Bluffs Parkway and Barnes Road (55,000 VPD). Thomas B Doherty High School (2,100+ students) is located across the street. Retailers in the immediate trade area include King Soopers, Walmart Neighborhood Market, Ace Hardware, 7-Eleven, McDonald’s, Kum & Go, Chase Bank, AutoZone, Advance Auto Parts, Planet Fitness, and many others. Colorado Springs was recently named the #4 most business-friendly city and was the #1 fastest growing city for Millennials in 2018.