Shops at Powers & Research - 5490-5510 Powers Center
$6,200,000
5490 & 5510 Powers Center Pt, Colorado Springs, CO 80920
7.01
Cap Rate
434,573.52
NOI
Details:
Highlights:
- 16,000 SF retail center with six tenants; projected 100% occupancy includes the Springs Dance expansion
- Contractual rent increases during the projected Year One period
- 2026 tenant commitments include the Springs Dance expansion and Pies & Grinders amendment
- Powers Boulevard and Research Parkway location near Wolf Ranch
- Average household income of $156,471 within one mile (2023 ACS)
Description:
The Shops at Powers & Research is a 16,000 SF retail center at Powers Boulevard and Research Parkway in northeast Colorado Springs. The six-tenant mix includes restaurants, dance instruction, insurance and personal services. The offering reflects the Springs Dance expansion to 5,600 SF and projected full occupancy. Projected Year One NOI of $434,574 covers February 1, 2027 through January 31, 2028 and includes no vacancy allowance.
The property is located at Powers Boulevard and Research Parkway in northeast Colorado Springs, near the Wolf Ranch master-planned community. The Powers corridor connects the center with surrounding residential neighborhoods, national retailers and medical facilities, including UCHealth Memorial Hospital North and St. Francis Hospital.
Location
Gallery
