5490 & 5510 Powers Center Pt, Colorado Springs, CO 80920

The subject property is located in the best retail corridor in Colorado Springs, North Powers Boulevard at the corner of Powers Blvd and Research Pkwy. This intersection is the gateway to the 2,000 acre Wolf Ranch Master Planned Community with over 2,100 homes already built and over 6,000 more planned. The surrounding area has become the "must be there!" location for both national and local retailers, including Super Target, Walmart, Lowes, and Costco and sits between two new Hospitals (UCHealth's Memorial North and Centura's St. Francis Medical Center) each about a mile away and built to serve the growing residential base. The Shops at Powers & Research offers a new owner a very stable investment with long-term staggered leases - approximately 73% of the property is under lease until 2022 or beyond. The property also maintains a competitive advantage over neighboring centers due to its premium visibility and signage along Powers Boulevard. The surrounding development is shadow-anchored by 7-11 and includes Integrity Bank, a brand new North Powers Animal Hospital, Medical Office, and other prominent Retail.