Panera + Pacific Dental_Property for Sale
Panera + Pacific Dental_Property for Sale
5985 Dublin Blvd, Colorado Springs, CO, 80920, US

Panera + Pacific Dental

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.

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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

Panera + Pacific Dental 4_Property for Sale
Panera + Pacific Dental 4_Property for Sale

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Panera + Pacific Dental (0 Properties)

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Last updated
19 Mar 2024