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3204-3208 E Platte Ave 4 Properties Offered at $8,290,000 in Colorado Springs, CO
Investment Highlights
- Well Below (46%) Replacement Cost
- Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this
- Over $780k in recent capital improvements
- Asking Price Reduced to $8,290,000 | NOI of $621,893
- New roof on the 29k SF sales center
- New Extension Recently signed through November, 2031
Executive Summary
Excellent single-tenant NNN leased offering in one of the hottest markets in the country. Blue Compass RV, with over 100 locations nationwide (2nd largest RV Dealership in the country), and located along a high-traffic route (42,800+ vehicles daily), maximizing tenant visibility. This location supports both retail and service operations, ideal for the tenant's large-scale dealership model. With a new lease extension through November 2031, this property offers consistent income potential and a secure, long-term return in the expanding South Central Colorado Springs market.
We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893.
Some highlights to note:
• Land Value Alone - $33/SF
• Asking Price Reduced to $8,290,000 | NOI of $621,893
• Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
• Located in Densely Populated Area
• Corporate Guarantee
• New Extension Recently signed through November, 2031
• Over $780k in recent capital improvements
This particular location consistently ranks among the 9th and 12th best performing branches out of 100+ locations nationwide for Blue Compass. Ideal for a 1031 down leg or any investor wanting long-term appreciation and stability.
We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893.
Some highlights to note:
• Land Value Alone - $33/SF
• Asking Price Reduced to $8,290,000 | NOI of $621,893
• Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
• Located in Densely Populated Area
• Corporate Guarantee
• New Extension Recently signed through November, 2031
• Over $780k in recent capital improvements
This particular location consistently ranks among the 9th and 12th best performing branches out of 100+ locations nationwide for Blue Compass. Ideal for a 1031 down leg or any investor wanting long-term appreciation and stability.
Sale Flyer
Property Facts
| Price | $8,290,000 | Number of Properties | 4 |
| Price / SF | $180.89 / SF | Individually For Sale | 1 |
| Cap Rate | 7.50% | Total Building Size | 45,828 SF |
| Sale Type | Investment NNN | Total Land Area | 10.92 AC |
| Status | Active |
| Price | $8,290,000 |
| Price / SF | $180.89 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 1 |
| Total Building Size | 45,828 SF |
| Total Land Area | 10.92 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3208 E Platte Ave, Colorado Springs, CO 80909 | Office | 835 SF | 1975 | - |
| 3204-3208 E Platte Ave, Colorado Springs, CO 80909 | Retail | 29,450 SF | 1967 | $8,290,000 |
| 3204 E Platte Ave, Colorado Springs, CO 80909 | Retail | 12,720 SF | 1970 | - |
| 3204 E Platte Ave, Colorado Springs, CO 80909 | Retail | 2,823 SF | 1967 | - |
Sale Advisors
Sale Advisors
Greg Knott, Executive Vice President
Greg Knott has been a licensed Commercial Realtor in the Denver Market since 1993. His first 9 years in the industry were spent as an Industrial Broker with Metro Brokers, Inc., then joined Unique Properties in April of 2002. Since Greg’s start as a broker, he has successfully negotiated and executed over 900 leases for both tenants and owners representing over 10,000,000 square feet of property. He has also brokered the acquisition and disposition of over $500,000,000 worth of real estate. Greg currently handles approximately 1,500,000 square feet of leasable or sellable real estate. Greg considers himself an Industrial, Office, Investment, and Land specialist and also handles 250,000sf of retail properties and 150,000sf of office properties. On average Greg executes approximately 70 leases and 25 sales per year.
For the past 20 years, Greg has been a constant top producer, taking home awards such as DMCAR’s Heavy Hitter award every year since 2002, the top producer at Unique Properties Inc. since 2005, and named power broker from 2004-2017 by CoStar.
For the past 20 years, Greg has been a constant top producer, taking home awards such as DMCAR’s Heavy Hitter award every year since 2002, the top producer at Unique Properties Inc. since 2005, and named power broker from 2004-2017 by CoStar.
Earl Duffy, Broker Associate
Earl Duffy joined Unique Properties, Inc. / TCN Worldwide in April 2017 and works with Executive Vice President, Greg Knott. Earl focuses on the salesle/leasing of many types of properties in Colorado. He supports his clients by finding properties of value, executing essential research, analyzing assets, and by supporting all aspects related to the acquisition and disposition of any and all commercial property. Earl previously worked for Craddock Commercial Real Estate in Colorado Springs doing marketing and leasing for their large portfolio. He also grew up in a real estate family and has seen the business from many aspects assisting his father, Tom Duffy, and Duffy Realty, Inc.
On a personal level, Earl enjoys skiing, mountain biking and generally spending time in the outdoors.
On a personal level, Earl enjoys skiing, mountain biking and generally spending time in the outdoors.
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3204-3208 E Platte Ave
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