1990 South Academy at Chelton Center
Retail | 24,625 SF
Marketing description
CBRE National Retail Partners – Mountain is pleased to offer the opportunity to acquire 1990 South Academy (the “Property”), a vacant junior box unit at Chelton Center, a neighborhood shopping center in Colorado Springs, Colorado. The Property features 24,625 SF that has been vacated by Big Lots.
1990 South Academy is strategically positioned on Chelton Road and South Academy Boulevard, a major north-south traffic artery through Colorado Springs with exposure to over 51,000 vehicles per day. The Property meets all the necessary fundamentals of a viable retail destination and benefits from the premier visibility and consumer traffic volumes from the surrounding trade area including major industrial retailers, two major military bases and the Colorado Springs Airport. The trade area offers strong demographic densities with over 101,100 residents and 101,400 daytime population within a 3-mile radius of the Property.
1990 South Academy is being offered free and clear and on an as-is, where-is basis.
Investment highlights
Strategically Positioned Near Airport and Military Bases - Bringing a dense daytime population to the center and surrounding trade area.
High Exposure Retail Destination - Situated at a hard corner, signalized intersection of South Academy Blvd and Chelton Road with drive by exposure to over 51,000 VPD
Upside Potential - Value Add Opportunity through re-tenanting or redevelopment of the 24,625 SF junior box space vacated by Big Lots
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