Shopping Neighborhood
Valli Hi Center | Top 1% Grocery Anchor
405 S Circle Dr, Colorado Springs, CO 80910
Listing Price: $5,825,000
Investment Overview
Marcus & Millichap is pleased to present Valli Hi Shopping Center, a 52,169 SF grocery-anchored strip center located at 405-529 S. Circle Drive in Colorado Springs, CO. Offered at $5,830,000 ($112/SF), the center is anchored by a top-performing Save-A-Lot ranked in the top 1% of all Save-A-Lot locations nationwide by Placer.ai traffic data alongside Family Dollar and a mix of local and national tenants. With in-place rents averaging $9.51/SF against market rates of $14–$18/SF, and 98% of leases rolling within four years, the offering presents a rare opportunity to acquire an infill, needs-based retail asset with significant embedded rent growth and a clear path to mark rents to market.
Valli Hi Center | Top 1% Grocery Anchor
Investment Highlights
- Top Performing Grocer Nationally - This Save-A-Lot Store Ranks in the Top 1% of all Stores Nationwide, with Nearly 350,000 Visitors Annually
- Currently 98% Occupied with a Mix of Local and National Retailers with Below Market Rents Averaging just $8.97/SF, while Market Rents are $14-$18/SF
- The Property has Received $1,000,000+ in Capital Improvements Since 2020, Including a New Roof (2021), HVAC replacements, Storefront Upgrades, and Parking Lot Repairs
Exclusively Listed By
Financing By
Shopping Neighborhood
Valli Hi Center | Top 1% Grocery Anchor
Listing Price: $5,825,000
Investment Highlights
- Top Performing Grocer Nationally - This Save-A-Lot Store Ranks in the Top 1% of all Stores Nationwide, with Nearly 350,000 Visitors Annually
- Currently 98% Occupied with a Mix of Local and National Retailers with Below Market Rents Averaging just $8.97/SF, while Market Rents are $14-$18/SF
- The Property has Received $1,000,000+ in Capital Improvements Since 2020, Including a New Roof (2021), HVAC replacements, Storefront Upgrades, and Parking Lot Repairs
Investment Overview
Marcus & Millichap is pleased to present Valli Hi Shopping Center, a 52,169 SF grocery-anchored strip center located at 405-529 S. Circle Drive in Colorado Springs, CO. Offered at $5,830,000 ($112/SF), the center is anchored by a top-performing Save-A-Lot ranked in the top 1% of all Save-A-Lot locations nationwide by Placer.ai traffic data alongside Family Dollar and a mix of local and national tenants. With in-place rents averaging $9.51/SF against market rates of $14–$18/SF, and 98% of leases rolling within four years, the offering presents a rare opportunity to acquire an infill, needs-based retail asset with significant embedded rent growth and a clear path to mark rents to market.
Exclusively Listed By
Financing By
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