1250 5th St
Calhan, CO
Price:
$1530000
Cap Rate:
6.40%
NOI:
$97,924
Building Size:
Approx. 9100 Sq. Ft.
Lot Size:
Approx. 1.27 Acres
Type:
Single-Tenant / Retail
Sub Category:
Dollar Store
Year Built:
2017
Investment Overview
- 2017 Construction. 9,100+/- SF Building on 1.27+/- Acre Site
- 15-Year Absolute Corp NNN Lease beginning September 2017
- Located along the main thoroughfare State Highway (5K VPD)
- Property will benefit as the ONLY product variety store in Calhan
- Just 34-Miles N from Colorado Spring | 84-Miles S from Denver
- Attractions: Pikes Peak | Garden of the Gods | Seven Falls
- Drivers: Military & Tourism is a major player in the local county
- 3-Mile: 2.5% Ann Growth (2017-2022)| Avg HH Income: $70,803
- Developers are bullish on Colorado, more speculative space is planned