522-586 S Academy Blvd, Colorado Springs, CO 80910
This property isn't on the market right now.
Fairway Plaza is located at the intersection of Airport Road and S. Academy Blvd in Colorado Springs, which has over 69,000 vehicles, on average, travelling the intersection each day. With these extremely strong traffic counts along with the excellent visibility and frontage along Academy Blvd, the subject property is well positioned to attract a wide range of tenants for many years to come. The property is strategically located with easy access to both Downtown and the Airport. SVN Denver Commercial is pleased to present to qualified investors the opportunity to acquire the Fairway Plaza shopping center. The property is 90% occupied with a diverse mix of local and national tenants that are all on NNN leases. The tenants have staggered lease expiration's with the majority of the tenants expiring beyond 2021. The property is priced to sell at an 8.12% cap rate and a price per square foot that is well below replacement cost.