Colorado Springs, CO
Price: $4,496,000
Cap Rate: 4.50%
Status: AVAILABLE
Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Firestone located in Colorado Springs, CO. Firestone is an investment-grade rated tenant (S&P: A). The brand new construction property has a long-term lease with over 13.5 years remaining and no landlord responsibilities. The lease also features rental increases every five years in the primary term and renewal options. Bridgestone/Firestone is the largest manufacturer of tires in the world and is publicly traded with a market capitalization of $26 billion
Colorado Springs is the second-most populous city in Colorado. The property sits in a dynamic and rapidly expanding northern Colorado Springs retail trade area and is positioned adjacent to InterQuest Marketplace, a ±900,000 square foot mixed-use development. The affluent area boasts of $147,000 average household incomes within three miles.
- Located in Colorado Springs, the 2nd most populous city in Colorado
- Firestone is an investment grade rated tenant (S&P: A)
- Long term lease with over 13.5 years remaining
- Absolute triple net lease with zero landlord responsibilities
- Dynamic and rapidly expanding North Colorado Springs retail trade area and positioned adjacent to InterQuest Marketplace, a 900,000+ SF mixed-use development
- Brand-new construction building (2021)
- Affluent surrounding area with average household incomes in excess of $147,000 within three miles
- Rapidly expanding area with 3.64% projected annual population growth within one mile
- Fixed rental increases every five years during the primary term and options
- Close proximity to the U.S. Air Force Academy with 4,307 students and 1 million visitors annually
- Directly across the street from the first In-N-Out in Colorado and in immediate proximity to In-N-Out’s 250,000 SF corporate campus and distribution center
- Located just off the heavily trafficked signalized intersection of Voyager Parkway & InterQuest Parkway (50,000+ VPD)
- Across the street from New Life Church with more than 10,000 members
- Just west of Interstate 25 (107,000 VPD)
- Bridgestone/Firestone is the largest manufacturer of tires in the world and is publicly traded with a market capitalization of $26 billion
OFFERING SUMMARY
Price: $4,496,000
Cap Rate: 4.50%
Building Size: 6,116 SF
Land Size: .84 AC
INVESTMENT CONTACT
BRANDON GAYESKI
Director
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com
ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com