1245 Tenderfoot Hill Rd
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1245 Tenderfoot Hill Rd
8,439 SF Retail Building Colorado Springs, CO 80906 £4,286,170 (£507.90/SF) 6.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 15-YEAR ABSOLUTE NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES
- 216,653 RESIDENTS IN PRIMARY TRADE AREA WITH AN AVERAGE HOUSEHOLD INCOME OF $94,157
- HARD CORNER AT SIGNALIZED INTERSECTION WITH 21,493 VEHICLES PER DAY
EXECUTIVE SUMMARY
• 15-Year Absolute NNN Lease – zero landlord responsibilities
• 10% Rent Increases Every 5 Years – including the two, 10-year renewal options
• School is Fully Enrolled – with a year-long wait-list of over 100
• Rare Corporate and Personal Guarantees – from founders of Little Sunshine’s Playhouse & Preschool
• Top 50 Early Education Operator – 35 schools nationally with strong growth plans
• Ranked “Fastest Growing Private Companies” - by Inc. 5000 for the past 6 years
• 10% Rent Increases Every 5 Years – including the two, 10-year renewal options
• School is Fully Enrolled – with a year-long wait-list of over 100
• Rare Corporate and Personal Guarantees – from founders of Little Sunshine’s Playhouse & Preschool
• Top 50 Early Education Operator – 35 schools nationally with strong growth plans
• Ranked “Fastest Growing Private Companies” - by Inc. 5000 for the past 6 years
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Day Care Center
Building Size
8,439 SF
Building Class
C
Year Built
2014
Price
£4,286,170
Price Per SF
£507.90
Net Initial Yield
6.25%
NOI
£267,908
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
1.03 AC
Zoning
PBC
Parking
29 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 64322-01-093 | Improvements Assessment | £334,934 |
| Land Assessment | £153,514 | Total Assessment | £488,447 |
PROPERTY TAXES
Parcel Number
64322-01-093
Land Assessment
£153,514
Improvements Assessment
£334,934
Total Assessment
£488,447
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1245 Tenderfoot Hill Rd
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