Northgate Plaza Shops

13395 Voyager Parkway Colorado Springs, CO 80921

FOR SALE
Property Type:
Neighborhood Center
Amount:
$4,230,000
Last Verified:
Jun 25, 2019

Highlights

  • Shadow Anchored by Sprouts Market
  • 100% Occupied Class A Retail Shops
  • Located in the Best Sub-market in Colorado Springs - Northgate
  • Less Than One Mile from the North Entrance to the Air-force Academy

Description

As the exclusive agent for the seller, SVN is proud to present to qualified investors the opportunity to acquire 100% occupied Class A retail shops that are directly adjacent and shadow anchored by an incredibly successful Sprouts market. The property is surrounded by national credit tenants and resides in one of the most desirable shopping centers in Colorado Springs. The rent roll features staggered lease expiration's with an e-commerce resistant tenant mix. The subject property gives an investor the opportunity to purchase pride of ownership retail property with an attractive initial return on equity of over 10%.

Well located in an extremely desirable sub-market in Colorado Springs, the Northgate Plaza Shops are surrounded by national retailers and the most affluent developments in the Colorado Springs MSA. The property is less than 1 mile from Interstate 25 and the north entrance to the Air Force Academy. Interstate 25 is being expanded via Powers Blvd, just to the south of the property which will bring a large increase in an already extremely active area. Notable tenants in the surrounding sub-market include Sprouts, Ace Hardware, Bass Pro Shops, Carl's Jr, Chick Fil A, Bourbon Brothers, UC Health, Sprint, and many more!


Year Built: 2016
Building Size: 9018.0sq ft
Lot Size: 1.89 acres

Map of 13395 Voyager Parkway, Colorado Springs, CO, 80921

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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:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
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