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Miscellaneous

Floor & Decor Ground Lease | Brand New 15 Yr Lease | Extremely Low Rent

6867 Crest Hill View, Colorado Springs, CO 80920

Listing Price: $5,545,455

Cap Rate
5.50%
Tenant Name
Floor & Decor
Years Remaining On Lease
14.8
Gross SF
79,576
Guarantor
Corporate Guarantee
Rentable SF
79,576
Price/Gross SF
$69.69
Lease Type
NNN Ground Lease
Rent Per Square Feet
$3.83

Investment Overview

Marcus & Millichap is pleased to present for sale, Floor & Decor in Colorado Springs, Colorado. Floor & Decor is a multi-channel specialty retailer and commercial flooring distributor operating 191 warehouse-format stores and six design studios across 36 states as of December 29, 2022. The Colorado Springs metro contains a population of approximately 755,000 people. Colorado Springs is the largest city, with around 461,000 residents, followed by Security-Widefield and Fountain. The population in the metro is expected to grow by 49,000 residents through 2026.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • Extremely Low Rent ($3.83 per Square Foot per Building and $1.21 per Square Foot per Land)
  • $69.68 per Square Foot at List Price - Well Below Replacement Cost
  • Nine Percent Rental Increases Throughout the Lease Term and Renewal Options
  • New High-Quality Class A 2023 Construction
  • Situated Immediately Off Interstate 25, a Major Connector with Direct Access to Denver and Downtown Colorado Springs
  • 192,097 Residents within a Five-Mile Radius - Households Projected to Increase Over Five Percent in the Immediate Area by 2027
  • Average Household Income Exceeds $112,000 within a One-Mile Radius

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Miscellaneous

Floor & Decor Ground Lease | Brand New 15 Yr Lease | Extremely Low Rent

Listing Price: $5,545,455

Cap Rate
5.50%
Tenant Name
Floor & Decor
Years Remaining On Lease
14.8
Gross SF
79,576
Guarantor
Corporate Guarantee
Rentable SF
79,576
Price/Gross SF
$69.69
Lease Type
NNN Ground Lease
Rent Per Square Feet
$3.83

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • Extremely Low Rent ($3.83 per Square Foot per Building and $1.21 per Square Foot per Land)
  • $69.68 per Square Foot at List Price - Well Below Replacement Cost
  • Nine Percent Rental Increases Throughout the Lease Term and Renewal Options
  • New High-Quality Class A 2023 Construction
  • Situated Immediately Off Interstate 25, a Major Connector with Direct Access to Denver and Downtown Colorado Springs
  • 192,097 Residents within a Five-Mile Radius - Households Projected to Increase Over Five Percent in the Immediate Area by 2027
  • Average Household Income Exceeds $112,000 within a One-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale, Floor & Decor in Colorado Springs, Colorado. Floor & Decor is a multi-channel specialty retailer and commercial flooring distributor operating 191 warehouse-format stores and six design studios across 36 states as of December 29, 2022. The Colorado Springs metro contains a population of approximately 755,000 people. Colorado Springs is the largest city, with around 461,000 residents, followed by Security-Widefield and Fountain. The population in the metro is expected to grow by 49,000 residents through 2026.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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