5490-5510 Powers Center Pt
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5490-5510 Powers Center Pt
16,000 SF 100% Leased Retail Building Colorado Springs, CO 80920 £4,136,184 (£259/SF) 7.01% Net Initial Yield
Investment Highlights
- Stabilized Retail Shopping Center with Excellent Tenant Mix
- Best Retail Corridor in Colorado Springs - Avg HH Income Over $105,000 Within 1 Mile
- Excellent Visibility from over 68,000 Vehicles Per Day on Avg.
- Gateway to Wolf Ranch Master Planned Community (2,000 Acre Development)
Executive Summary
The Shops at Powers & Research is a very stable investment with well-staggered leases. This property maintains a competitive advantage over neighboring centers due to its premium visibility and signage along Powers Boulevard. The surrounding development includes 7-Eleven, Integrity Bank, North Powers Animal Hospital, Medical Office, and other prominent Retail.
The subject property is located in the best retail corridor in Colorado Springs (North Powers Boulevard) at the corner of Powers Blvd and Research Pkwy. This intersection is the gateway to the 2,000-acre Wolf Ranch Master Planned Community, with over 3,300 single-family homes built and over 3,000 more to be developed. The surrounding area has become the "must be there!" location for both national and local retailers, including Super Target, Walmart, Lowes, and Costco. The center is situated between two state-of-the-art Hospitals (UCHealth's Memorial North and St. Francis Hospital), each about a mile away, and built to serve the growing residential base.
The subject property is located in the best retail corridor in Colorado Springs (North Powers Boulevard) at the corner of Powers Blvd and Research Pkwy. This intersection is the gateway to the 2,000-acre Wolf Ranch Master Planned Community, with over 3,300 single-family homes built and over 3,000 more to be developed. The surrounding area has become the "must be there!" location for both national and local retailers, including Super Target, Walmart, Lowes, and Costco. The center is situated between two state-of-the-art Hospitals (UCHealth's Memorial North and St. Francis Hospital), each about a mile away, and built to serve the growing residential base.
Data Room Click Here to Access
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Building Size
16,000 SF
Building Class
B
Year Built
2006
Price
£4,136,184
Price Per SF
£259
Net Initial Yield
7.01%
NOI
£289,865
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.22
Lot Size
1.67 AC
Zoning
PBC - Planned business center
Parking
4 Spaces per 1,000 SF Leased
Frontage
265 ft on Powers Blvd
Amenities
- Bus Route
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £626,966 | |
| Land Assessment | £215,113 | Total Assessment | £842,079 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£215,113
Improvements Assessment
£626,966
Total Assessment
£842,079
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5490-5510 Powers Center Pt
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