rustic hills north - n academy blvd & palmer park blvd value … · 2019. 3. 4. · colorado...

For Sale | Rustic Hills North

1605-1749 N Academy Blvd

3910-3996 Palmer Park Blvd

Colorado Springs, CO 80909

Rustic Hills North - N Academy Blvd & Palmer Park Blvd

Value Add/Redevelopment Opportunity!

Craig AndersonPrincipal | Senior [email protected]

John EganPrincipal | Senior [email protected]

Exclusively offered by:

NAI Highland, LLC

Two North Cascade Avenue, Suite 300


+1 719 577 0044www.highlandcommercial.com12/2718

Randy Churchill DowisPrincipal | Senior [email protected]

http://www.highlandcommercial.com/

Rustic Hills North | 1605-1749 N Academy Blvd | 3910-3996 Palmer Park Blvd | Colorado Springs, CO 80909

NAI Highland, LLC is pleased to present the opportunity to acquire an exceptional retail

asset along one of the City’s strongest retail corridors. Rustic Hills North is a multi-tenant

retail development, built in 1972-1974 and 1986, that has excellent visibility and

accessibility and is surrounded by quality retail tenants. The center is accessible from a

full movement lighted intersection at Palmer Park Blvd and North Academy Blvd.

ZONING PBC/CU/SS

YEAR BUILT 1972-1974, 1986

BAY SIZES Variety of existing sizes

Property Specifications

BUILDING SIZE (SF) SITE SIZE (AC) TAX SCHEDULE NO.

BUILDING 1 10,040 0.76 64023-07-004

BUILDING 2 18,672 1.46 64023-07-005

BUILDING 3 211,227 19.41 64023-07-006

VACANT LOT - 0.39 64023-07-022

VACANT LOT - 1.28 64023-07-023

TOTAL 239,939 23.30

Including A Single

Tenant Leased Firestone

ASKING PRICE -

$7,500,000.00


Features & Benefits

• This Property is strategically located in the Central portion of

Colorado Springs and is served by two (2) major thoroughfares,

Academy Blvd running north-south and Palmer Park Blvd running

east-west.

• The Property’s size in excess of 23+ acres makes it ideal for value

add and redevelopment opportunity Including but not limited to;

a. Big Box Retail

b. Senior Housing

c. Apartments

d. Mini-Storage Conversion

e. Industrial

f. Medical

• We would anticipate that the City and the Urban Renewal

Authority would support an Urban Renewal Overlay given its

location.

DEMOGRAPHICSS

Colorado Springs is the second largest city in Colorado, located just 40 miles

south of the Denver Tech Center. The county population is currently 720,000

and the average household income $67,000. Colorado Springs is poised for

growth and continues to expand its local economy and regional draw. Military,

Technology, Tourism & Medical are the primary economic drivers. The retail

market in Colorado Springs remains solid and is fueled by strong

demographics and rapid growth.

1 - Mile 3 - Mile 5 - Mile

Total Population 16,637 123,615 294,113

Total Households 6,853 52,421 118,630

Average HH Income $60,406 $60,653 $67,229

Businesses 715 5,067 12,760

Employees 6,073 59,796 152,431

CITY PROFILE

Rustic Hills North is situated in the North Central

Submarket along Academy Blvd, the center is

strategically located and benefits from its proximity to

an extensive list of amenities and easy accessibility

throughout the region. Downtown Colorado Springs is

15 minutes west and the area is home to one of the

country’s highest concentrations of military, and

defense contractors. The surrounding area boasts

strong demographics and a high concentration of

affordable housing, making the Central submarket one

of the most desirable in the city. North Academy Blvd

has long been a retail magnet for many retailers that

first enter the Colorado Springs market.


VPD

Palmer Park Blvd & N Academy Blvd 12,667

N Academy Blvd & Constitution Ave (N) 45,281

N Academy Blvd 7 Constitution Ave (S) 46,369

N Academy Blvd 7 E San Miguel St 47,002

TRAFFIC COUNTSS


MitchellHigh School

DISCLAIMER: This information has been prepared by NAI Highland, LLC for use by a limited number of parties and has been obtained from sources

believed reliable. While we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty or representation about it. It is your

responsibility to confirm, independently, its accuracy and completeness. No representation is made by NAI Highland, LLC or Owner as to the accuracy or

completeness of the information contained herein, and nothing contained herein is or shall be relied on as a promise or representation as to the future

performance of the (“Property”). Although the information contained herein is believed to be correct, Owner and its employees disclaim any responsibility

for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, NAI Highland, Owner

and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omissions from, the

information or any other written or oral communication transmitted or made available to the recipient. The information does not constitute a representation

that there has been no change in the business or affairs of the property or Owner since the date of preparation of the marketing material. Analysis and

verification of the information contained herein is solely the responsibility of the prospective purchaser.


CITY PROFILE


Each prospective purchaser has signed a Confidentially

agreement as a condition of its receipt of this Marketing

Material. All additional due diligence items will be provided upon

request as available.

Tour Dates: Site tours will be arranged by appointment only.

Please contact brokers.


Craig AndersonPrincipal | Senior [email protected]

John EganPrincipal | Senior [email protected]

Exclusively offered by:

NAI Highland, LLC

Two North Cascade Avenue, Suite 300


+1 719 577 0044www.highlandcommercial.com12/27/18

Randy Churchill DowisPrincipal | Senior [email protected]

http://www.highlandcommercial.com/

rustic hills north - n academy blvd & palmer park blvd value … · 2019. 3. 4. · colorado...

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