SOUTHPOINTE PLAZA – RETAIL INVESTMENT

NAI Highland, LLC

Commercial Real Estate Services. Worldwide

Two North Cascade Avenue, Suite 300

Colorado Springs, CO 80903

+1 719 577 0044www.highlandcommercial.comR 07/22/19

3705−3737 DRENNAN RD | COLORADO SPRINGS, COLORADO 80910

NAI Highland, LLC is pleased to bring Southpointe Plaza to the market. This is a

stabilized, 100% leased, 11 tenant retail center, located directly off South Academy

Boulevard, near Fort Carson Army Base.

Wal-Mart and Sam's Club recently opened in a regional center directly west of this

property and the new development may force higher retail rates in the submarket,

thus creating rent upside.

Anchored by Loaf N’ Jug, this center has a good mix of service-based tenants with

conservative rents, poised to serve the surrounding community. Priced well below

replacement cost with below market rental rates, leases rolling and good rent

bumps, this property is suited for value-add and long-term investors alike.

SIZE 30,060 RSF

SITE SIZE 2.85 AC

BUILT 1985

PRICE $4,500,000

CAP RATE 7.50%

CAP RATE AFTER 2 YEARS 8.13%

PSF $149.70

Logan Harrisonharrison@highlandcommercial.com

Direct: 719 314 6833

DRIVE TIMES:

2 Minutes to Ft. Carson8 Minutes to COS Airport10 Minutes to Downtown20 Minutes to Air Force Academy1 Hour to Denver

DEMOGRAPHICS

Colorado Springs is the second largest city in Colorado, located just 65

miles south of Denver. The metro population is currently 712,327 and

the average household income $75,038. Colorado Springs is poised for

growth and continues to expand its local economy and regional draw.

Military, Tech & Tourism are the primary economic drivers. The retail

market in Colorado Springs remains solid and is fueled by

demographics and strong growth.

1 - Mile 3 - Mile 5 - Mile

Total Population 8,968 94,534 194,719

Total Households 2,393 33,713 73,679

Average HH Income $48,720 $55,060 $56,460

Businesses 262 2,180 8,881

Employees 48,720 55,060 56,460

CITY PROFILE

CITY PROFILE

3705 - Loaf ‘N’ Jug

3707 - Warrior Fitness Center

3711 - Warrior Fitness Center

3715 - Pikes Peak Cannabis

3717 - Royal Healing Massage Therapy

3721 - Time Out Sports Lounge

3725 - Pens & Needles Tattoo

3729 - Barber Shop

3731 - Omni Financial

3733 - Armed Forces Benefits Network

3735 – Rolling Thunder Realty

3737 - Romantix