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Dal-Tile 6395 Corporate Centre Cir 20,000 SF Industrial Building Colorado Springs, CO 80919 $4,000,000 ($200/SF) 5.50% Cap Rate
Investment Highlights
- Year 1 NOI: $219,400 (based on $18,283.33/mo net rent × 12 months)
- Net lease through August 31, 2028; 33 months remaining at execution
- Long-term tenancy: lease originated October 2006; 19+ year relationship
- Cap Rate: 5.5%
- Credit tenant: Dal-Tile Distribution, LLC, guaranteed by Dal-Tile, LLC
- Tenant holds one 5-year extension option at FMV with 2% annual escalations
Executive Summary
Hoff & Leigh is pleased to present for sale 6395 Corporate Centre Circle, Colorado Springs, Colorado, which is a ±20,000-square-foot industrial warehouse and showroom building occupied by Dal-Tile Distribution, LLC, a subsidiary of the Mohawk Industries family of companies.
The property is leased through August 31, 2028 on a net basis, with scheduled rent escalations providing predictable income growth. The lease is guaranteed by Dal-Tile, LLC and represents a long-standing tenant relationship originating in 2006. The Fourth Amendment (November 2025) extended the lease 33 months and restructured maintenance obligations, placing water pipe responsibility with the Landlord in exchange for operational certainty for the Tenant.
The Tenant retains one five-year extension option at Fair Market Value with 2% annual escalations, and an ongoing right of first refusal to purchase the asset — both of which reflect the Tenant’s commitment to this location and provide a natural exit for an investor seeking a passive net-leased position.
The property is leased through August 31, 2028 on a net basis, with scheduled rent escalations providing predictable income growth. The lease is guaranteed by Dal-Tile, LLC and represents a long-standing tenant relationship originating in 2006. The Fourth Amendment (November 2025) extended the lease 33 months and restructured maintenance obligations, placing water pipe responsibility with the Landlord in exchange for operational certainty for the Tenant.
The Tenant retains one five-year extension option at Fair Market Value with 2% annual escalations, and an ongoing right of first refusal to purchase the asset — both of which reflect the Tenant’s commitment to this location and provide a natural exit for an investor seeking a passive net-leased position.
Property Facts
| Price | $4,000,000 | Rentable Building Area | 20,000 SF |
| Price Per SF | $200 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2007 |
| Cap Rate | 5.50% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Building Class | B | No. Dock-High Doors/Loading | 3 |
| Lot Size | 2.13 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | PBC, HS SS UV,CO Springs | ||
| Price | $4,000,000 |
| Price Per SF | $200 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.13 AC |
| Rentable Building Area | 20,000 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Tenancy | Single |
| Parking Ratio | 1/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | PBC, HS SS UV,CO Springs |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 63181-02-029 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,100 |
Property Taxes
Parcel Number
63181-02-029
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,100
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Dal-Tile | 6395 Corporate Centre Cir
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