Listed by Thrive Commercial Partners
$3,731,000
5140-5190 N Academy Blvd
Details
Property Type Retail
Square Footage 6,441
Cap Rate 6.50%
NOI $242,563
Tenancy Multi
Brand/Tenant Black Rock Coffee Bar, ABBA Eye Care
Lease Type NNN
Acreage 0.370
Ground Lease No
Retail | 6.25% CAP | 6,441 SqFt
Marketing description
THRIVE Commercial Partners is pleased to present the opportunity to purchase this well-positioned (Target outparcel), fully leased three-tenant, NNN asset in the heart of Colorado Springs, CO.
Perfectly positioned in central Colorado Springs with some of the highest population densities in the county, which well-serves the tenant mix. The property sits less than 10 minutes to I-25 and less than 5 minutes to University of Colorado Springs, providing traffic counts among the highest in Colorado Springs.
Investment highlights
- Prime Location: This Target outparcel offers prominent visibility and exceptional direct access from N Academy Blvd with 6 points of ingress/egress overall into the greater shopping center.
- Strong Tenant Mix: Excellent selection of service based tenants, which have a proven track record of success through the pandemic and ecommerce disruption.
- Rent Upside: Upcoming Renewal with Lady Jane’s will allow for at least a 10% increase in rent over the next 5 year term.
- High Traffic Counts: With nearly 44,000 vehicles passing daily, the strong traffic presence enhances customer reach and supports excellent potential for retail performance.
Listing Contacts
Listed by Thrive Commercial Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$242,563.20
$20,213.60/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
MX-M MixedMixed UseMixed Use Medium Scale
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View all 152 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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