7376 McLaughlin Rd 27,658 SF 100% Leased Retail Building Falcon, CO 80831 $5,700,000 ($206.09/SF) 7.86% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi Tenant Retail in North Colorado Springs sub market
- Fast Growth area
- Stabilized Tenants
EXECUTIVE SUMMARY
The Shops at Woodmen Hills is a retail property located just 30 minutes east of Colorado Springs in Peyton (Falcon), Colorado in El Paso County. This town has seen exponential growth and new development over the past few years, and it is not slowing down.
The Shops at Woodmen Hills is located on the corner of East Woodmen Road and Meridian Road. This center is the first thing seen driving into town from I-25. The center has one point of full access at East Woodmen Road and McLaughlin Road intersection, and partial access along Meridian Road.
This center was built in 2003, totaling approximately 27,658 sf on 2.93 Acres. It is 100% occupied. The average in-place rents are $15.64 ($19.10 excluding Dollar Tree) with stable leases. There is a strong tenant mix including many national tenants. Offered at $5,700,000 with a Net Operating Income of $399,808, Woodmen Hills provides an opportunity to see an immediate return on investment in one of the
fastest growing areas in Colorado and the Nation.
The Shops at Woodmen Hills is located on the corner of East Woodmen Road and Meridian Road. This center is the first thing seen driving into town from I-25. The center has one point of full access at East Woodmen Road and McLaughlin Road intersection, and partial access along Meridian Road.
This center was built in 2003, totaling approximately 27,658 sf on 2.93 Acres. It is 100% occupied. The average in-place rents are $15.64 ($19.10 excluding Dollar Tree) with stable leases. There is a strong tenant mix including many national tenants. Offered at $5,700,000 with a Net Operating Income of $399,808, Woodmen Hills provides an opportunity to see an immediate return on investment in one of the
fastest growing areas in Colorado and the Nation.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
27,658 SF
Building Class
B
Year Built
2003
Price
$5,700,000
Price Per SF
$206.09
Cap Rate
7.86%
NOI
$448,278
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
2.93 AC
Zoning
CR - Liber Commercial and Retail uses
Parking
127 Spaces (4.59 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 43072-02-022 | Improvements Assessment | $597,770 |
| Land Assessment | $559,060 | Total Assessment | $1,156,830 |
