7605 N Academy Blvd
Colorado Springs, CO 80920
Lazy Dog Restaurant · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Lazy Dog Restaurant & Bar in Colorado Springs, CO. The property is new construction (renovation) and features a new 20-year absolute NNN lease. Additionally, the lease includes 10% rent bumps every 5 years with four 5-year options to extend the lease thereafter. Lazy Dog Restaurant & Bar is one of the highest volume restaurant chains in the United States. They have 30+ locations around the country with revenues above $200 million per year. The subject property is located at a signalized hard corner with excellent street frontage and multiple access point. The property sits along N. Academy Boulevard, one the highest-traffic thoroughfares in Colorado Springs, which runs north-south and leads directly to the nearby U.S. Air Force Academy Campus (18,500-acre campus, 7,000 students, officers, and personnel.) The property is an outparcel to Chapel Hills East, a Whole Foods & Nordstrom Rack-anchored shopping center, and one of three high-profile centers in the Chapel Hill shopping area which includes Chapel Hill Mall, a 1.2 million SF “super-regional” mall which draws from the entire city. The site benefits from average household incomes within a 3-mile radius of $101,164.