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Dry Good

Barnes & Noble

747 Citadel Dr E, Colorado Springs, CO 80909

Listing Price: $4,200,000

Cap Rate
7.00%
Tenant Name
Barnes & Noble
Years Remaining On Lease
2.9
Gross SF
26,825
Guarantor
Corporate Guarantee
Rentable SF
26,825
Price/Gross SF
$156.57
Lease Type
Double Net
Rent Per Square Feet
$10.95

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a 26,825 square foot Barnes & Noble property sitting on a 2.45-acre lot in eastern Colorado Springs.

Investment Highlights

  • Single Tenant Net-Leased Investment Property in Eastern Colorado Springs
  • 2.75 Years Remaining on Double-Net Lease, 14.2 Percent Bump in Option
  • Long Term Tenancy and Corporate Guarantee
  • Outparcel to Citadel Mall, One of Colorado's Largest Retail Centers
  • Located in Booming Colorado Springs Market with a Population of 668,000 and Growing at a Rate of 1.17 Percent Per Year

Exclusively Listed By

  • Drew Isaac

    Senior Managing Director Investments

    (303) 328-2048

    Email Drew

    License(s): CO: FA100023779

    Denver

  • Marc E. Strauss

    Senior Managing Director Investments

    (954) 245-3500

    Email Marc

    License(s): FL: BK 434908, FL: CQ1000281, CO: IA.100071129

    Fort Lauderdale

Listing Price: $4,200,000

Cap Rate
7.00%
Tenant Name
Barnes & Noble
Years Remaining On Lease
2.9
Gross SF
26,825
Guarantor
Corporate Guarantee
Rentable SF
26,825
Price/Gross SF
$156.57
Lease Type
Double Net
Rent Per Square Feet
$10.95

Investment Highlights

  • Single Tenant Net-Leased Investment Property in Eastern Colorado Springs
  • 2.75 Years Remaining on Double-Net Lease, 14.2 Percent Bump in Option
  • Long Term Tenancy and Corporate Guarantee
  • Outparcel to Citadel Mall, One of Colorado's Largest Retail Centers
  • Located in Booming Colorado Springs Market with a Population of 668,000 and Growing at a Rate of 1.17 Percent Per Year

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a 26,825 square foot Barnes & Noble property sitting on a 2.45-acre lot in eastern Colorado Springs.

Exclusively Listed By

  • Drew Isaac

    Senior Managing Director Investments

    (303) 328-2048

    Email Drew

    License(s): CO: FA100023779

    Denver

  • Marc E. Strauss

    Senior Managing Director Investments

    (954) 245-3500

    Email Marc

    License(s): FL: BK 434908, FL: CQ1000281, CO: IA.100071129

    Fort Lauderdale

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