3204 - 3208 E Platte Ave
PRICE REDUCED! RV DEALERSHIP, SERVICE CENTER & PARTS | 45,828 SF ON 5.6 AC 7.5% CAP RATE
Marketing description
This single-tenant property, fully leased to a top RV retailer with a national presence (2nd largest in the country), is positioned along a high-traffic route (42,800+ vehicles daily), maximizing tenant visibility. The space supports both retail and service operations, ideal for the tenant's large-scale dealership model. With a new lease extension through November 2031, this property offers consistent income potential and a secure, long-term return in the expanding South Central Colorado Springs market.
We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893.
Some highlights to note:
- Well Below (46%) Replacement Cost (See Page 8)
- Asking Price Reduced to $8,290,000 | NOI of $621,893
- Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
- Located in Densely Populated Area
- Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this
- New Extension Recently signed through November, 2031
- Over $780k in recent capital improvements
- New roof on the 29k SF sales center
This particular location ranks among the ninth and 12th best performing branches out of 100+ locations nationwide for blue Compass. This is one of only two leases nationwide that has a corporate guarantee as well. Ideal for a 1031 down leg or any investor, wanting long-term appreciation and stability.
Investment highlights
- Well Below (46%) Replacement Cost (See Page 8)
- Asking Price Reduced to $8,290,000 | NOI of $621,893
- Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
- Located in Densely Populated Area
- Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this
- New Extension Recently signed through November, 2031
- Over $780k in recent capital improvements
- New roof on the 29k SF sales center
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