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:
- Prime Retail Investment Opportunity | 100% Leased to 6 Tenants
- 3 Tenants have Recently Extended or Expanded | 4.3 Year WALT
- Powers Blvd Visibility | Excellent Traffic Counts with Over 65,000 AADT
- Gateway to Wolf Ranch Master Planned Community
- Average household income of $156,471 within one mile (2023 ACS)
Description:
As the seller's exclusive agent, SVN Denver Commercial is proud to present the Shops at Powers & Research, a stable investment with a weighted average lease term (WALT) of over 4 years. This property maintains a competitive advantage over neighboring centers due to its premium visibility and signage along Powers Boulevard. The surrounding development includes 7-Eleven, Integrity Bank, North Powers Animal Hospital, a medical office, and other prominent Retail.
The property is located at Powers Boulevard and Research Parkway in northeast Colorado Springs. This intersection is the gateway to the 2,000-acre Wolf Ranch Master Planned Community, with over 2,800 single-family homes built and over 4,700 more to be developed. The center sits between two state-of-the-art Hospitals (UCHealth's Memorial North and St. Francis Hospital), each about a mile away, and built to serve the growing residential base.
Location
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