This listing is under contract.

JUST LISTED: Brand-New Maverik Ground Lease Fountain (Colorado Springs), CO | $3.375M - 25YR | Hard-Corner Location

6180Timber Rail PT Fountain, CO 80817

6180Timber Rail PT, Fountain, CO, 80817
Under Construction
6180Timber Rail PT, Fountain, CO, 80817
UNDER CONTRACT FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$3,375,000
Cap Rate:
4.00%
Last Verified:
Nov 17, 2021

Corporate single-tenant Maverik investment opportunity, offering a brand-new, 25-year absolute triple-net (NNN) ground lease. 7% rental increases every five years during the initial term and two (2), ten (10) year option periods. Maverik is the largest independent fuel marketer in the Intermountain West with more than 350 locations across 11 states. Maverik joins Dutch Bros, Discount Tire, and Quick Quack Car Wash at the brand-new retail development, Mesa Ridge Crossing. The Property is located on a large hard-corner lot (±1.85 acres), with daily traffic counts over 30,000 (Source: OTIS, 2021). Nearby national retailers include Lowe’s Home Improvement, Safeway, Chase Bank, Walgreens, O’Reilly Auto Parts, Advance Auto Parts, Chick-fil-A, McDonald’s, Culver’s, Starbucks, Black Bear Diner and many more. The population in a three-mile radius is projected to grow 1.86% annually over the next five years (Source: Esri). There are ±2,880 students within one mile of the Property. Fort Carson Army Base (FCCO), the “Best Hometown in the Army - Home of America’s Best” is located less than 15 minutes away from the Property. FCCO is the 3rd largest employer in Colorado and provides a $2.4B economic impact annually. 57% of the soldiers and their families live off-post in the Fountain and Colorado Springs area (Source: carson.army.mil). Colorado Springs is the second largest city in Colorado with a population of ±487,357 (Source: Esri). Tourism is the 3rd largest employer in the Pikes Peak region, providing more than 20,000 jobs to residents generating $474 million in earnings (Source: visitcos.com).

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Map of 6180Timber Rail PT, Fountain, CO, 80817

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.