Briargate Center
E-Commerce Resistant Strip Center
Marketing description
- E- Commerce Resistant Tenant Line Up | Options To Extend | In-Place Rent Increases
- Net Leases | Fee Simple Ownership | Minimal Expense Leakage
- Surrounding Planned Development | Adjacent Super Target-anchored Center | Close Freeway Access
- Strong Trade Area Demographics | Served by Affluent Residential Neighborhoods
Investment highlights
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 18,200 SF multi-tenant retail strip center located in Colorado Springs, Colorado. The property is 100% occupied by a complementary mix of food and beverage and personal service tenants, creating an e-commerce resistant tenant lineup anchored by three national tenants that provide strong traffic drivers and consumer draw to the asset. The current rent roll includes Domino’s, Sport Clips, Hand & Stone, and Twins Wine & Liquor, and the lease profile offers attractive embedded growth through scheduled rent increases for Domino’s, and Hand & Stone. In addition, Domino’s, Sport Clips, and Hand & Stone all have options to renew, further supporting the stability and long-term income potential of the investment.
The subject property is strategically positioned as an outparcel to the Super Target-anchored Briargate Crossings shopping center, which also features national tenants including Petco, Wells Fargo, and Kum & Go, drawing substantial traffic to the immediate area. The asset is also adjacent to a Maverik service station and a Carl’s Jr. drive-thru, further strengthening daily consumer activity at the site. The property also benefits from easy access to State Highway 21, which sees approximately 48,000 vehicles passing per day, and is located less than one mile from UCHealth Memorial Hospital North, a 140-bed hospital. Additionally, future retail development is planned for the 3.82 acres immediately adjacent to the property, which should further enhance the long-term retail synergy of the center. The surrounding trade area is supported by strong demographics and affluent residential growth. Within a 1-mile radius, more than 15,100 residents and 5,700 employees support the property, while average household income reaches $175,315. The asset is further bolstered by nearby affluent neighborhoods including Wolf Ranch and Bradley Ranch, where average home prices are approximately $650,000.
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