Sold

Firestone

Colorado Springs, CO 80921

Price

$4,398,000

Cap Rate: %

Lead Broker

Corporate Guaranty | S&P: A

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.

Investment Highlights

  • 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
  • Brand-new construction building (2021)
  • Fixed rental increases every five years during the primary term and options
  • Bridgestone/Firestone is the largest manufacturer of tires in the world and is publicly traded with a market capitalization of $26 billion

Location Highlights

  • Located in Colorado Springs, the 2nd most populous city in Colorado
  • Dynamic and rapidly expanding North Colorado Springs retail trade area and positioned adjacent to InterQuest Marketplace, a 900,000+ SF mixed-use development
  • 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
  • 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)

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031