1304 North Academy Boulevard is a mixed-use property for lease in Colorado Springs, CO.
An excellent investment opportunity at a major intersection on N Academy Blvd. Currently returning an 8.0% capitalization rate with the potential for further growth.
The property consist of:
1. A 5,670 square foot 6 bay automotive garage currently utilized as a retail tire service center - leased under NNN; and,
2. A 10,916 square foot 2-story office building - leased under Modified Gross Rent.
The 6 bay tire center is currently leased to one tenant. The office building is a multi-tenant building with office on the upper level and some retail on the lower level.
The property has great visibility on a signalized corner location on North Academy Blvd. There are national tenants located at the subject’s intersection.
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