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Academy Commons Retail for Sale 1614 South Academy Boulevard, Colorado Springs, CO 80916
Property Description
Introducing ACADEMY COMMONS located at 1416 S ACADEMY BLVD, COLORADO SPRINGS, CO 80916! This prime retail property is a neighborhood shopping center offering 9,600 SF of space on a 1.32-acre lot, featuring 5 units with 100% occupancy. Priced at $2,825,000 with a cap rate of 6.5%, the property boasts a stable cash flow with no tenant turnover until 2026. With a strategic location near major thoroughfares and the Walmart Neighborhood Market shadow anchor, ACADEMY COMMONS benefits from high traffic and excellent exposure. The property is home to a mix of e-commerce-resistant tenants, including restaurants and service-based users, ensuring a steady income stream for investors. Don't miss this opportunity to acquire a fully stabilized retail strip center in a premier retail district, offering a stable cash flow and a desirable location for businesses. Contact us today for more information!
Full Address: 1614 South Academy Boulevard, Colorado Springs, CO 80916
Listing Type: FOR SALE
Status: Sold
Occupancy Rate: 100%
Building Class: C
Zoning: PBC AO
Region: W-WM
County: El Paso County
Closest Cross Streets: S Fountain Blvd & Chelton Road
Use Type: Retail
Property ID: 4043246
Heating: Yes
Lighting: Yes
Cooling: Yes
Traffic Count: 41,266 VPD
Building Sf: 9,600
Number Units: 5
Number Buildings: 1
Year Built: 2015
Free Standing: Yes
Number Parking Spaces: 44
Cap Rate: 6.5%
Tenancy Type: Multi-Tenant Anchored
Average Monthly Rent - Taco Del Gordo: 4024
Average Monthly Rent - Posh Nail Bar: 3782
Average Monthly Rent - State Farm: 3650
Average Monthly Rent - Pina's Salon: 1900
Average Monthly Rent - Sessions Tobacco: 1950
1: Taco Del Rio Occupied: 2400 SF Lease Expiration: 03/2026
2: State Farm Occupied: 2400 SF Lease Expiration: 05/2026
3: Posh Nail Bar Occupied: 2350 SF Lease Expiration: 08/2027
4: Sessions Tabacco Occupied: 1200 SF Lease Expiration: 01/2029