Colorado Springs, CO - Woodmen Plaza

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 10,000 SF 3-tenant retail strip center, The Shops at Woodmen Plaza, located in Colorado Springs, Colorado. The property is 100% occupied by an e-commerce resistant food and beverage-oriented tenant lineup consisting of Mama Poke, Little Caesars, and Woodmen Wine & Liquor. The lease profile provides attractive embedded growth, with scheduled rent increases for Mama Poke and Little Caesars, while Mama Poke and Woodmen Wine & Liquor each have renewal options at fixed rent increases, further supporting the long-term durability of the income stream. The asset features net leases, with tenants reimbursing CAM, taxes, insurance, and their share of management costs, creating a low-management investment opportunity.

The subject property is strategically positioned as an outparcel to the King Soopers-anchored Woodmen Plaza shopping center, with nearby tenants including Dollar Tree and Firestone Auto, and is adjacent to a Kroger Fuel Station and Starbucks drive-thru. The site benefits from its location along Woodmen Road, which sees approximately 33,700 vehicles per day, within an active retail corridor between North Academy Boulevard and State Highway 21, where dense surrounding retail and commercial uses help drive consistent traffic to the property. In addition, the asset is approximately two miles west of the Walmart- and Home Depot-anchored Powers Peak Center and the Powers Auto Park, further strengthening the retail synergy in the area. The surrounding 3-mile trade area is supported by more than 113,700 residents and 5,700 employees, with an affluent average household income of $129,405. The surrounding trade area is further supported by the established Briargate neighborhood, a highly desirable residential area with home values in the $500,000s.

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Listing ID: a28TP000002bVdBYAU