• Fairway Plaza - 522-586 S Academy Blvd, Colorado Springs, CO 80910

For Sale

Retail

For Sale

This property is available for sale
2.81
Acres
$3,670,000
Sale Price
  • Year Built
    1996
  • Total Building Size
    26,465 RSF
  • Overview

    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.

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Property Details

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.

  • Property Type
    Retail
  • Submarket
  • Year Built
    1996
  • Sale Price
    $3,670,000
  • Total Building Size
    26,465RSF
  • Total Acres
    2.81
  • Sale Status
    Available
  • Last updated
    Jan 23, 2019
  • Property ID
    2052085

Landlord's Sales Representatives

  • kevin.matthews@svn.com
     
  • Troy Meyer
    Cushman & Wakefield | Colorado Springs Commercial
     
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