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7895 Silicon HtsColorado Springs, CO 80922
Shops at Sand Hill
Asset ClassRetail
Deal Size$4.7 M
Retail Occupancy: 100%Cap Rate: 6.02%# Tenants: 4Access Data Room
SHADOW ANCHORED BY KING SOOPERS MARKETPLACE
overview of deal

Overview

Cap Rate: 6.02%

NOI: $282,818

Current Occupancy: 100%

Building SF: 8,060 SF

Roof Warranty: 20 Years (Exp. 2042)

Tenants: Tropical Smoothie(With Drive Thru), GloNail Spa, Inc., AT&T, Teriyaki Madness

Access the Data Room

Investment Highlights

SHADOW-ANCHORED BY THE #1 GROCERY STORE IN COLORADO SPRINGS

 

  • This King Soopers location is a 123K SF Marketplace concept, it is the 3rd highest-grossing King Soopers in the State, with 1.6M annual visits (Placer.ai)
  • King Soopers is Colorado’s dominant grocer with more market share than Walmart (#2) and Safeway (#3) combined

 

100% LEASED, FOUR-TENANT CENTER WITH END CAP DRIVE-THRU

 

  • All tenants are original, no vacancies since it was built in 2022
  • Tropical Smoothie occupies the drive-thru end cap, the highest-demand suite type in small-shop retail
  • Diversified tenant mix between food/beverage, personal care, wireless, and QSR

 

CONTRACTUAL RENT GROWTH

  • 3 of 4 tenants have contractual escalations: Tropical Smoothie (2% annual), Glo Nail Spa (3% annual), Teriyaki Madness (10% bump May 2028).
  • AT&T has two 5-year options, both with 10% increases

 

HARD CORNER, HIGH-VISIBILITY ASSET

  • Located at the hard corner of Constitution Avenue & Marksheffel Road
  • Constiution & Marksheffel are key thoroughfares for Banning Lewis Ranch and eastern Colorado Springs
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7895 Silicon HtsColorado Springs, CO 80922
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