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