1856 Democracy PtColorado Springs, CO 80908

For Sale
$3,700,000

High-Cap Restaurant, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a brand-new, Class A, multi-tenant restaurant property totaling 4,228 square feet, situated on a 0.71-acre lot in the thriving Victory Ridge mixed-use development of Colorado Springs, Colorado. Built in 2023, the property boasts 100% occupancy with two tenants under a Net Lease (NNN) agreement, offering a compelling 5.68% cap rate at an asking price of $3,700,000. Ideally located less than a mile from Interstate 25 and with frontage on Interquest Parkway, this retail property benefits from high visibility and convenient access. The surrounding area features a robust mix of retail, office, entertainment, hospitality, and residential properties, ensuring a consistent and diverse customer base. The property's attractive features include an inviting rooftop patio and outdoor seating areas, designed to maximize appeal and patronage. This is a rare opportunity to acquire a high-performing, newly constructed restaurant property in a rapidly growing area of Colorado Springs, within the highly desirable Interquest Parkway corridor known for its diverse culinary scene. The property address is 1856 Democracy Point, Colorado Springs, CO 80908, in El Paso County.

Highlights

  • Brand-new, Class A, 4,228 SF multi-tenant restaurant building on a 0.71-acre lot.
  • 100% occupied with two tenants under NNN leases, offering a 5.68% cap rate.
  • Asking price: $3,700,000.
  • High-visibility location less than one mile from I-25, with Interquest Parkway frontage.
  • Located in the Victory Ridge mixed-use development in Colorado Springs, CO (1856 Democracy Point, 80908).

Property Details for 1856 Democracy Pt

Property type
Other retail properties, Restaurants
Square Feet
4,228 SF
Class
A
Year Built
2023
Lot Size (sq. ft)
30,928 SF

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.990149
Longitude
-104.795824
1856 Democracy Pt, Colorado Springs, Colorado

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1856 Democracy Pt
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