Listed by NAI Highland, LLC
$2,600,000
Cimarron Hills Shopping Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 13,200
Units 8
Cap Rate 6.20%
NOI $160,694
Rent Bumps Yes
Price per SqFt $197
Year Built 1974
Acreage 1.250
Zoning CC (Community Commercial)
1817-1873 Peterson Rd, Colorado Springs, CO 80915, 6910 Palmer Park Blvd, Colorado Springs, CO 80915
Marketing description
Fully Leased Retail Center Investment Opportunity with Good Upside Potential. Eight Units (900-2,400 SqFt), 100% Leased with low turnover. Located in East Central Colorado Springs at the intersection of Peterson Rd and Palmer Park Blvd.
Investment highlights
- Building Size: 13,200 SqFt
- Land Area: 1.25 Acres
- Description: Eight Units (900-2,400 SqFt)
- 100% Leased, low turnover
- Zoning: CC (Community Commercial)
- Year Built: 1974
- Location: East Central Colorado Springs
- Well established neighborhood center
- Many long-term tenants
- Great Parking
- High traffic center
- Solid investment with below market rents & annual increases
- Newly improved parking lot summer 2026
- Great location
Listing Contacts
Listed by NAI Highland, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,694.00
$13,391.17/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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