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1856 Democracy Pt

4,228 SF 100% Leased Retail Building Colorado Springs, CO 80921 £2,919,300 (£690/SF) 5.68% Net Initial Yield

Investment Highlights

  • Highly visible building with Interquest Parkway frontage.
  • Nearby Amenities Include: Scheels, Great Wolf Lodge Water Park, Main Event, Icon Cinema, hotels, restaurants and more.
  • Less than 1 mile from Interstate 25.

Executive Summary

NAI Affinity presents an exceptional investment: a brand new restaurant property in the bustling Victory Ridge mixed-use development in northern Colorado Springs. Ideally situated less than a mile from Interstate 25 with frontage on Interquest Parkway, this prime location ensures high visibility and easy access. The surrounding area boasts a dynamic mix of major retailers, large office complexes, entertainment venues, hotels, and numerous residential apartments, guaranteeing a diverse and steady customer base. Located on the vibrant Interquest Parkway corridor, known for its array of dining options, this property stands out with its inviting rooftop patio and outdoor seating areas,
designed to attract and retain patrons.

Attachments

1856 Democracy Point Marketing Brochure

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,228 SF
Building Class
B
Year Built
2023
Price
£2,919,300
Price Per SF
£690
Net Initial Yield
5.68%
NOI
£165,816
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Land Acres
0.71 AC
Parking
40 Spaces (9.46 Spaces per 1,000 SF Leased)
Frontage
553 ft on Democracy Point
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Nearby Major Retailers

Dutch Bros
Bonchon
Noodles & Company
Torchy's Tacos
Fuzzy's Taco Shop
Mission BBQ
Shake Shack
Chase Bank
Starbucks
Chili's

PROPERTY TAXES

Parcel Number 62204-02-015 Improvements Assessment £19,930
Land Assessment £140,663 Total Assessment £160,593

PROPERTY TAXES

Parcel Number
62204-02-015
Land Assessment
£140,663
Improvements Assessment
£19,930
Total Assessment
£160,593
(970) 305-8113

  • Listing ID: 33885622

  • Date on Market: 15/11/2024

  • Last Updated:

  • Address: 1856 Democracy Pt, Colorado Springs, CO 80921

The Retail Property at 1856 Democracy Pt, Colorado Springs, CO 80921 is currently available For Sale. Contact NAI Affinity for more information.

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© 2024 CoStar Group

1856 Democracy Pt
(970) 305-8113 x

1856 Democracy Pt

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Jake Hallauer

(970) 305-8113

(970) 305-8113

Lauren Larsen

(970) 305-8176

(970) 305-8176

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