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20158602

3204 E Platte Ave, Colorado Springs, CO 80909

GK
CO FA.001312096
Unique Properties, Inc
ED
CO FA100069715
Unique Properties, Inc
Listed by Unique Properties, Inc
$8,290,000
638 days on market
Updated 40 days ago
Opportunity zone

3204 - 3208 E Platte Ave

Details
Property Type Industrial, Retail
Sub Type Auto Shop, Storefront
Square Footage 45,828
Net Rentable (SqFt) 45,828
Cap Rate 7.00%
NOI $606,763
Occupancy 100%
Tenancy Single
Lease Expiration 11/30/2029
Remaining Term 3.4
Rent Bumps Yes
Price per SqFt $181
Class B
Year Built 1967
Year Renovated 2024
Buildings 4
Stories 1
Acreage 5.600
Zoning MX-L
Investment Type Core+

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

Listing Contacts

GK
CO FA.001312096
Unique Properties, Inc
ED
CO FA100069715
Unique Properties, Inc
Listed by Unique Properties, Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$606,763.00
$50,563.58/mo

Valuation Metrics

0
DSCR
7.32%
Cap Rate
7.32%
ROI

Map

Zoning

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MX-L MixedMixed UseMixed Use Large Scale
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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