3784 Airport RdColorado Springs, CO 80910

For Sale
$1,250,000

High-yield storefront, strong tenant, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a newly constructed (2022), 2,365-square-foot retail storefront located at 3784 Airport Rd, Colorado Springs, CO 80910. Currently 100% occupied by Ruskin Liquor under a NNN lease with a remaining term of approximately 5.1 years (expiring 12/31/2029), this property boasts a 5.94% cap rate and a substantial net operating income (NOI) of $74,296. The asking price is $1,250,000, translating to $528.54 per square foot. The lease includes 3% annual rent bumps, ensuring consistent income growth. The building features a convenient drive-thru and freestanding coolers, offering flexibility for future tenants beyond liquor sales, potentially including fast-food or coffee shops. Situated on a 0.4-acre lot with 21 parking spaces, this single-story building benefits from high visibility and accessibility due to its prime location near the intersection of Airport and Academy Roads. The property's zoning (PBC UV CU AO) allows for a variety of uses. The NNN lease structure minimizes owner responsibilities for repairs and maintenance, including roof and HVAC systems, providing a low-management, high-return investment. This is a rare opportunity to acquire a high-performing retail property in a thriving Colorado Springs market.

Highlights

  • Newly constructed 2,365 square foot retail storefront building.
  • Leased to Ruskin Liquor with a 5.1-year remaining lease term expiring December 31, 2029.
  • Features a drive-thru and freestanding coolers, adaptable for various uses.
  • Located in a prime, high-visibility location at the Airport and Academy intersection in Colorado Springs, CO.
  • NNN lease with tenant responsible for all repairs and maintenance; offering a 5.94% cap rate and $74,296 annual NOI.

Property Details for 3784 Airport Rd

Property type
Other retail properties, Individual retail properties
Square Feet
2,365 SF
Year Built
2022
Buildings
1
Stories
1
Lot Size (sq. ft)
17,424 SF
Units
1

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.826096203585
Longitude
-104.75832309082
3784 Airport Rd, Colorado Springs, Colorado

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3784 Airport Rd
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