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23788864
23788865

2017-2031 E Bijou St, Colorado Springs, CO 80909

VM
EI-1323174
Vicki Motazedi
Listed by Vicki Motazedi
$799,000
349 days on market
Updated 174 days ago

Bijou Shops

Details
Property Type Mixed Use, Office (+1)
Sub Type Shopping Center, Storefront
Square Footage 6,400
Net Rentable (SqFt) 6,400
Units 8
Cap Rate 7.11%
NOI $56,841
Occupancy 63%
Tenancy Multi
Lease Type NNN
Price per SqFt $125
Broker Co-Op Yes
Year Built 1964
Year Renovated 2016 New roof, siding, sinage, and windows
Stories 1
Lot Size (SqFt) 16,000
Zoning MX-L
Parking Spaces spaces
Occupancy Date 11/08/2025
Sale Condition For sale by owner

Busy Neighborhood Shopping Center For Sale 100% Occupied

Marketing description

Busy neighborhood shopping center close to the Olympic Training Center. Has 8 individual units that can be expanded to accommodate tenant growth. New roof, siding, and windows were installed in 2016-2018. Each unit has its own furnace and A/C with tenants paying those costs. Most of the A/C and Furnaces have been replaced since 2016 with some as recent as 2025. Each unit has its own private bathroom and 2 exterior entrances. The parking lot was recently striped. The rear entrances to the building have been fenced in for privacy. New gutter system put in this last year. NNN Leases. 100% occupied with 6 current tenants (1 tenant has 2 units unit). Dog groomer, counseling office, nail salon, barber and beauty salon, and a tattoo shop. Current leases can be renewed at a higher rate to match the going rate in the area for commercial rentals. The leases range from 1 - 5 years and some have options to continue with their leases after their initial lease is up and these new leases are negotiable with current rents in the area. Lamar billboards leases a space for their billboard. That current yearly lease is $1,500.

Listing Contacts

VM
EI-1323174
Vicki Motazedi
Listed by Vicki Motazedi

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$56,841.00
$4,736.75/mo

Valuation Metrics

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DSCR
7.11%
Cap Rate
7.11%
ROI

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