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651 South 21st St 7,000 SF Retail Building Colorado Springs, CO 80904 $1,615,385 ($230.77/SF) 6.50% Cap Rate
Investment Highlights
- National Automotive Tenant: over 4,500 stores across the US, Canada, Puerto Rico, and the U.S. Virgin Islands.
- Proximity to New Development: Adjacent to the Gold Hill Mesa master-planned community
- Strong Traffic Counts: Over 42,000 vehicles daily on S 21st Street and 20,000+ on Bott Avenue
- Nearby Freeways & Airport Access: Easy access to Highway 24 and I-25, with the Colorado Springs Municipal Airport just a 23-minute drive away
Executive Summary
Single-Tenant, Advance Auto Parts Freestanding Retail at Signalized Corner
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built
2005
Price
$1,615,385
Price Per SF
$230.77
Cap Rate
6.50%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.87 AC
Zoning
C5 SS - Commercial Use C5 SS
Parking
30 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signalized Intersection
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 74114-39-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $537,690 |
Property Taxes
Parcel Number
74114-39-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$537,690
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651 South 21st St
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