Colorado Springs, CO 80918

Floor & Decor Ground Lease

Property Address

6867 Crst Hl Vw, Colorado Springs, CO, USA

Offering Summary

  • Price: $5,295,059
  • Lot Size: 5.77 Acres
  • Year Built: 2023
  • Building SF: 79,576
  • Status: Closed
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  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • Extremely Low Rent ($3.83 PSF/Building and $1.21 PSF/Land)
  • $69.68 PSF at List Price - Well Below Replacement Cost
  • Nine Percent Rental Increases Throughout the Lease Term and Renewal Options
  • New High-Quality Class A 2023 Construction
  • Situated Immediately Off Interstate 25, a Major Connector with Direct Access to Denver and Downtown Colorado Springs
  • 192,097 Residents within a Five-Mile Radius - Households Projected to Increase Over Five Percent in the Immediate Area by 2027
  • Average Household Income Exceeds $112,000 within a One-Mile Radius
  • Excellent Visibility and Accessibility Along East Woodmen Road (48,000 Cars per Day)
  • Adjacent to Planned Retail and Multifamily Developments by Garrett Company
  • Down the Road from Chapel Hills Retail Center - Home to Chapel Hills Mall and Numerous National Tenants Including Walmart, Whole Foods Market, and PetSmart

Broker Information