Abra Auto Body
98 North Academy Boulevard
Colorado Springs, CO 80909
| Price: |
$3,538,113 |
| CAP Rate: |
8.00% |
| Building Size: |
17,950 SF |
| Approx Lot Size: |
1.00 Acre(s) |
| Year Built: |
2003 |
Net Lease Investment: |
Yes |
| Existing Debt: |
No |
| Property On Ground Lease: |
No |
| 1031 Exchanges Acceptable: |
Yes |
Property Features- Lease Type: Net, Net Lease. Landlord is responsible for repair and maintenance of the foundation,
- exterkor walls and structure. Rent will adjust based upon interest rates in year five and ten,
- please see lease.
- Lease Term: Fifteen (15) years
- Lease Commencement: June, 2004
- Lease Renewal Options: Two (2) Five (5) year options
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For more information contact:
Keith Sturm
(612) 332-6600
Upland Real Estate Group, Inc.
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Property Description
The City of Colorado Springs is the second most populous city (after Denver) in the State of Colorado and the 48th most populous city in the United States. The city is the county seat of El Paso County, with a small portion of the city lying in Teller County. Colorado Springs is located just east of the geographic center of the state and 63 miles south of Denver, the state's capital city. The city is situated near the base of one of the most famous American mountains, Pikes Peak, at the eastern edge of the Southern Rocky Mountains. Colorado Springs' economy is driven primarily by the military, the high-tech industry, and tourism, in that order. The city is currently experiencing some growth mainly in the service sectors and has been identified as one of the nation's top ten fastest growing economies. This property is located less than a mile from Citadel Mall. Located in the heart of Colorado Springs, The Citadel is within a 12 mile drive from any neighborhood in the city. This convenient location, combined with the best merchandise mix of any retail center in the region, has made The Citadel the premier shopping destination not only for local shoppers, but also for many located outside the metropolitan area, including western Kansas and Nebraska, southern Colorado and northern New Mexico. Major tenants in the mall include: Dillard's, Macy's and JC Penny. This property is an outparcel to Home Depot. Other retailers in the immediate area include: Target, Burlington Coat Factory, Family Dollar, TCF Bank, Pep Boys, Brakes Plus, Safelite Auto Glass, Popeye's Chicken & Biscuits, Denny's, Popeye's Chicken & Biscuits, Red Lobster, Olive Garden, Burger King, IHOP, Ruby Tuesday, McDonald's, Subway ,Taco Bell, Chick-Fil-A, Perkins, Joe's Crab Shack, Chipotle Mexican Grill, Red Robin Gourmet Burgers, Applebee's, Boston Market and KFC.
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