Jimmy John's | 1590 Briargate Blvd
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Jimmy John's 1590 Briargate Blvd
1,665 SF Retail Building Colorado Springs, CO 80920 £1,037,010 (£623/SF) 6.46% Net Initial Yield
Investment Highlights
- NNN Single Tenant Drive Thru | Ample Parking
- Dense Infill Colorado Springs Location | Next Door to Brand New 300 Unit Apartments
- Attractive Stucco Facade | Extremely Clean Interior with Plenty of Seating
- Excellent Traffic Counts | Close Proximity to Academy Blvd & I-25
Executive Summary
SVN Denver Commercial is proud to present to qualified investor the opportunity to purchase a single-tenant Jimmy John's drive-thru investment. The subject property is strategically located along Briargate Blvd in the heart of Colorado Springs with close proximity to a plethora of national credit tenants and easy access to Academy Blvd. The property sits in front of a brand new apartment complex with 300 units building in a consumer base right next door adding to the viability of an already successful location.
This subject property is a pad site to the Chapel Hills Super Regional Mall, anchored by Dillard’s, Dick’s Sporting Goods, and Macy’s. The surrounding Northeast Retail Submarket commands the highest rents in the city by a notable margin and also has one of the lowest vacancy rates in the city at approximately 4% as of Q3 2024. The property is surrounded by national credit tenants including Walmart, Whole Foods, Best Buy, Nordstrom Rack, Ross, PetSmart, Starbucks, Chick-fil-A, and many more! Additionally, the former Sears building next door was recently redeveloped into the Outlook Briargate Apartments, with over 300 new units within a short walk of the property.
This subject property is a pad site to the Chapel Hills Super Regional Mall, anchored by Dillard’s, Dick’s Sporting Goods, and Macy’s. The surrounding Northeast Retail Submarket commands the highest rents in the city by a notable margin and also has one of the lowest vacancy rates in the city at approximately 4% as of Q3 2024. The property is surrounded by national credit tenants including Walmart, Whole Foods, Best Buy, Nordstrom Rack, Ross, PetSmart, Starbucks, Chick-fil-A, and many more! Additionally, the former Sears building next door was recently redeveloped into the Outlook Briargate Apartments, with over 300 new units within a short walk of the property.
Data Room Click Here to Access
- Offering Memorandum
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,665 SF
Building Class
B
Year Built/Renovated
1984/2010
Price
£1,037,010
Price Per SF
£623
Net Initial Yield
6.46%
NOI
£66,991
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.60 AC
Zoning
PBC - PBC
Parking
30 Spaces (18.02 Spaces per 1,000 SF Leased)
Frontage
150 ft on Briargate Blvd
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 63054-01-032 | Improvements Assessment | £46,681 |
| Land Assessment | £96,633 | Total Assessment | £143,315 |
PROPERTY TAXES
Parcel Number
63054-01-032
Land Assessment
£96,633
Improvements Assessment
£46,681
Total Assessment
£143,315
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Jimmy John's | 1590 Briargate Blvd
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