Christian Brothers Automotive
5,923 SF | Retail Building | Colorado Springs, CO 80939 | $3,832,000 ($647/SF) | 6.20% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,832,000
- Property Type
-
Retail
- Square Feet
- 5,923 SF
- Price / Square Foot
- $647
Listing Contacts
Andrew Klontz
Verified Profile
- Property Info
Property Overview
Corporate absolute NNN Christian Brothers with over 12 years remaining in the primary term. Situated across from King Soopers-anchored Claremont Ranch Marketplace, which has 1.5M visitors annually (Placer.ai).
Property Details
- Class
- B
- Year Built
- 2021
- Stories
- 1
- Property Subtype
- Vehicle Related, Freestanding
- Lot Size (sq. ft)
- 33,977 SF
Highlights
- Absolute NNN lease with no Landlord responsibilities
- Corporate-signed lease by Christian Brothers Automotive Corp
- 1.5% annual rent increases commencing November 2026, equating to a blended 6.63% cap rate over the remaining initial lease term at List Price
- Healthy Rent: the subject property has a significantly lower rent than many newer CBA properties on the market
- Across from King Soopers-anchored Claremont Ranch Marketplace, which includes O’Reilly, Quick Quack Car Wash, Starbucks, Brakes Plus & ENT Credit Unio
- Tremendous visibility to 35,854 VPD at nearest intersection
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