2 Locations For Sale

Cushman & Wakefield, as exclusive advisor for the Seller, is pleased to present the opportunity to acquire Dublin Village Shopping Center ("Property"), a 32,645 square-foot neighborhood retail center located at 1640-1712 Dublin Boulevard in Colorado Springs, Colorado. The Property is 100% leased and anchored by Sprouts Farmers Market, a nationally recognized specialty grocer and primary traffic generator for the center. The tenant mix is comprised of complementary food and beverage, service-oriented and daily-needs retailers that directly cater to the surrounding residential population.

Dublin Village benefits from strong visibility at the signalized intersection, established traffic patterns of over 62,000 cars per day, and dense surrounding demographics. The immediate trade area is supported by more than 85,900 residents within a three-mile radius and average household incomes exceeding $116,000.

The Property is located at the northwest quadrant of North Academy Boulevard and Dublin Boulevard. Academy Boulevard travels north/south and connects an 18-mile stretch with Air Force Academy to the north with Fort Carson in the south. Academy Boulevard is a primary connector of dense residential neighborhoods, employment hubs, and regional retail corridors throughout the city.

Colorado Springs continues to experience strong residential and commercial growth, particularly throughout the northern portions of the market surrounding Dublin Boulevard, Powers Boulevard, and the Academy corridor. This has been driven by an influx of healthcare, aerospace, and technology companies continuing to invest and expand their physical footprints throughout the market. UCHealth announced a $407 million expansion of Memorial Hospital North, reinforcing continued population and employment growth throughout the northern portion of the region. Additionally, the area has experienced a 26% increase in aerospace companies and a 12% increase in tech employment over the last five years, further strengthening the local economic base and long-term consumer demand.

Dublin Village currently has a weighted average in-place shop space rents of $19.21/SF, which remain below comparable market rents for high-performing grocery-anchored retail centers within Colorado Springs. The average remaining lease term within the shop space is less than four years, with several tenants, including the prominent hard-corner suite having lease expirations within the first two years of ownership. This mark-to-market opportunity combines a premier grocery anchor with current occupancy and cash flow, and meaningful economic growth throughout the hold period.