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Net Lease

The CDL Schools | 3.61 ACRE IOS NNN Facility

777 Conrad St, Colorado Springs, CO 80915

Listing Price: $3,204,000

Cap Rate
6.75%
Lot Size
3.61 acres
Year Built
1998
Rentable SF
3,600

Investment Overview

Gross Retail Group is pleased to present for sale the fee-simple interest in a net-leased Industrial Outdoor Storage (IOS) / CDL training facility located at 777 Conrad Street, Colorado Springs, Colorado 80915. Positioned at the nexus of North Powers Boulevard and Highway 24, Colorado Springs' busiest retail and commercial corridor, this site offers exceptional visibility, accessibility, and scarcity value. The property is 100% occupied by The CDL Schools LLC, a national CDL training operator, under a fully executed five-year lease with a five-year renewal option.

Investment Highlights

  • 5-Year NNN Lease on Rare Low-Coverage IOS Site in High-Density Infill Area
  • CDL Schools LLC Funded a Paved Surface Totaling Approximately 1-Acre of Purpose-Built Maneuvering Area
  • The CDL Schools LLC is Backed by Transforce Group, the Largest CDL Driver Staffing and Recruitment Company in the United States, Serving the Full Lifecycle of Commercial Truck Driver Employment

Exclusively Listed By

Financing By

Net Lease

The CDL Schools | 3.61 ACRE IOS NNN Facility

Listing Price: $3,204,000

Cap Rate
6.75%
Lot Size
3.61 acres
Year Built
1998
Rentable SF
3,600

Investment Highlights

  • 5-Year NNN Lease on Rare Low-Coverage IOS Site in High-Density Infill Area
  • CDL Schools LLC Funded a Paved Surface Totaling Approximately 1-Acre of Purpose-Built Maneuvering Area
  • The CDL Schools LLC is Backed by Transforce Group, the Largest CDL Driver Staffing and Recruitment Company in the United States, Serving the Full Lifecycle of Commercial Truck Driver Employment

Investment Overview

Gross Retail Group is pleased to present for sale the fee-simple interest in a net-leased Industrial Outdoor Storage (IOS) / CDL training facility located at 777 Conrad Street, Colorado Springs, Colorado 80915. Positioned at the nexus of North Powers Boulevard and Highway 24, Colorado Springs' busiest retail and commercial corridor, this site offers exceptional visibility, accessibility, and scarcity value. The property is 100% occupied by The CDL Schools LLC, a national CDL training operator, under a fully executed five-year lease with a five-year renewal option.

Exclusively Listed By

Financing By

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