1205 Broadway
US - Vancouver, Americas
1,238 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire 5985 Dublin Blvd. (“The Property”), an 8,600 square foot multi-tenant retail building located at the intersection of Powers & Dublin in Colorado Springs. The Property was completed in 2020 featuring class “A” construction. It is currently 100% NNN leased to “best-in-class” and essential tenants, Panera Bread (drive-thru) and Pacific Dental with long-term leases in-place. The Property is well positioned at the high-traffic intersection of Powers Boulevard & Dublin Boulevard, neighboring 4 new residential developments: The Flats at Dublin Commons, Pathways, Hansen Ranch, and APEX. This intersection boasts some of the best restaurant sales volumes in Colorado. Powers Boulevard is Colorado Springs’ hottest retail corridor home to an impressive mix of national tenants including Whataburger, Chick-Fil-A, Starbucks, Dutch Brothers, Chipotle, Kum-N-Go, and 7-Eleven.
...
Attributes
Building area gross
799 m²
Occupancy
100%
Year built
2021
Cap rate
5.5%
Media
Investment Highlights
Growing Income Stream
10% rental increases every 5 years for each tenant
Rare Trade Area Demographics
$122,000 average household income within a 3-mile radius
Over 219,000 residents within a 5-mile radius
Long-Term NNN Leases; Minimal Landlord Responsibilities
Tenants reimburse for NNN expenses
Multiple options for renewal and long-term occupancy potential
High-Traffic Location with Excellent Visibility
Over 72,000 vehicles per day pass through Powers Blvd & Dublin Blvd
Contact brokers
Panera + Pacific Dental (0 Properties)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
19 Apr 2024
