Park Place Plaza

Colorado Springs, CO 80918



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Value-add Strip Center

Blue West Capital is pleased to present the sale of Park Place Plaza, a well-located neighborhood shopping center in the vibrant city of Colorado Springs, CO. This retail center comprises two buildings totaling 34,578 square feet, including 16 rentable retail units, a coffee kiosk, and 9 storage units. Currently, the property is 70% leased, offering qualified investors an immediate value-add opportunity.

Park Place Plaza is strategically situated at the signalized intersection of N Academy Blvd (45,300 VPD) and N Union Blvd (30,000 VPD). N Academy Blvd is the primary and most sought-after retail corridor in Colorado Springs, home to many prominent national retailers.

The Colorado Springs Metropolitan Statistical Area (MSA) boasts a population exceeding 760,000 people. The U.S. News & World Report recently ranked Colorado Springs as the 3rd Best Place to Live in the United States, thanks to its affordability compared to Denver, low property taxes, and high average household income. These strengths underpin a robust local economy, creating a solid foundation for addressing the community's retail needs.

Investment Highlights

  • Currently 70% leased, the opportunity offers immediate value-add through lease-up.
  • Potential to reduce basis by selling the separately parceled Perfect Teeth Dental - the #2 ranked location in Colorado and #5 nationwide (per Placer.ai)
  • Current lease rates are more than 8% below the market average.
  • Situated at the signalized hard corner of N Academy Blvd (45,300 VPD) and N Union Blvd (30,000 VPD)
  • Academy Blvd is the primary retail corridor in Colorado Springs, featuring many prominent national retailers

Location Highlights

  • The U.S. News & World Report ranked Colorado Springs as the 3rd Best Place to Live in the United States
  • Ranked 6th best cities for defense jobs, according to Military.com (2023)
  • Affluent demographics with average household income exceeding $104,000 within a 5-mile radius
  • Colorado Springs is home to the U.S. Olympic & Paralympic Training Center, United States Air Force Academy, Garden of the Gods Park, and other various attractions

We are ready to assist you.

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Contact Information

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