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7816 N Academy BlvdColorado Springs, CO 80920
First Watch
Asset ClassRetail
Lease-Term Remaining10 Years
Deal Size: $2.9 MMSA: Colorado SpringsCap Rate: 6.27%Access Data Room
10 YEAR NNN LEASE
overview of deal

Overview

Tenant: First Watch

Address: 7816 N Academy Blvd, Colorado Springs, CO

Year Built / Renovated: 1964 / 2002 / 2022

Building Size: 4,434 SF

Land Size: 0.86 AC

Zoning: MX-M P (Mixed Use Medium Scale)

Access the Data Room

Investment Highlights

MSA
Colorado Springs
MSA Population
497.5 K
  • ​10 YR ABS NNN LEASE | RECENT EXTENSION
  • ​CORPORATE GUARANTY (NASDAQ: FWRG)
  • ​40K VPD ON ACADEMY BLVD | 0.7 MI FROM I-25 (133K VPD)
  • ​POSITIONED IN DENSE RETAIL CORRIDOR | 0.5 MI FROM CHAPEL HILLS MALL
  • ​RECENT REMODEL IN 2022
  • ​10 YEAR EXTENSION, RECENT REMODEL, & 20+ YEAR OPERATING HISTORY DEMONSTRATE COMMITMENT TO THE SITE
  • ​LEASE IS CORPORATELY GUARANTEED BY FIRST WATCH RESTAURANT GROUP (620+ LOCATIONS)
  • ​RARE ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES
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7816 N Academy BlvdColorado Springs, CO 80920
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