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Shopping Regional

BROADMOOR TOWNE CENTER - Leasehold

1982 SOUTHGATE RD, COLORADO SPRINGS, CO 61073

Listing Price: Request For Offer

Gross SF
143,797
Rentable SF
143,797
Lot Size
12.82 acres
Year Built
1999

Investment Overview

OVER 217,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $67,215 EXTREMELY DENSE RETAIL MARKET LOCATED ON SOUTHGATE RD PROVIDING GREAT VISIBILITY WITH MULTIPLE POINTS OF INGRESS/EGRESS

Investment Highlights

  • 63.60% OCCUPIED RETAIL CENTER - 14 UNITS (2 VACANT UNITS)
  • RECENT IMPROVEMENTS - NEW ROOF ON 24 HOUR FITNESS (2019), NEW LED PARKING LOT LIGHTS (2020), NEW METAL SOFFITS ON ALL BUILDINGS (2018)
  • TWO VACANT UNITS PROVIDING SIGNIFICANT UPSIDE (36.40%)
  • LEASEHOLD INTEREST (NINE YEARS REMAIN WITH ONE-TEN YEAR OPTION REMAINING)
  • ALL LEASES STRUCTURED AS TRIPLE-NET (MINIMAL LANDLORD RESPONSIBILITY)
  • NEW SEVEN YEAR LEASE WITH XFINITY (OUTLOT BUILDING)

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Shopping Regional

BROADMOOR TOWNE CENTER - Leasehold

Listing Price: Request For Offer

Gross SF
143,797
Rentable SF
143,797
Lot Size
12.82 acres
Year Built
1999

Investment Highlights

  • 63.60% OCCUPIED RETAIL CENTER - 14 UNITS (2 VACANT UNITS)
  • RECENT IMPROVEMENTS - NEW ROOF ON 24 HOUR FITNESS (2019), NEW LED PARKING LOT LIGHTS (2020), NEW METAL SOFFITS ON ALL BUILDINGS (2018)
  • TWO VACANT UNITS PROVIDING SIGNIFICANT UPSIDE (36.40%)
  • LEASEHOLD INTEREST (NINE YEARS REMAIN WITH ONE-TEN YEAR OPTION REMAINING)
  • ALL LEASES STRUCTURED AS TRIPLE-NET (MINIMAL LANDLORD RESPONSIBILITY)
  • NEW SEVEN YEAR LEASE WITH XFINITY (OUTLOT BUILDING)

Investment Overview

OVER 217,000 RESIDENTS WITHIN FIVE MILES WITH AN AVERAGE HOUSEHOLD INCOME OF $67,215 EXTREMELY DENSE RETAIL MARKET LOCATED ON SOUTHGATE RD PROVIDING GREAT VISIBILITY WITH MULTIPLE POINTS OF INGRESS/EGRESS

Exclusively Listed By

  • Jeff R. Rowlett

    Senior Vice President Investments

    (262) 364-1924

    Email Jeff

    License(s): WI: 74743-94, IL: 471.016866

    Milwaukee

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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