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Colorado Springs, CO - Fresenius & Pikes Peak - Availability Details

1910 Lelaray Street, Colorado Springs, CO 80909

  • For Sale $11,179,000
  • Property Type Retail - Freestanding
  • Property Size 19,187 Sqft
  • Property Tenancy Multi-Tenant
  • Date Updated Oct 25, 2021
The subject property is strategically located near the signalized, hard corner intersection of Lelaray Street and N. Union Boulevard, averaging a combined 30,600 vehicles passing by daily. The site benefits from excellent visibility and access via significant street frontage and multiple points of ingress/egress. In addition, the asset is located directly adjacent to a Walmart Neighborhood Market (40,600 SF), a premium grocery retailer that significantly increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Other nearby major national/credit tenants include Walmart Supercenter, Lowe’s Home Improvement, Burlington, At Home, Barnes & Noble, Office Depot, Safeway, PetSmart, and more. Further, the site is within walking distance to multiple housing communities including Eagleview Apartments (65 units), Shannon Hills Apartments (70 units), and Airlan Arms Apartments (106 units), providing a direct residential consumer base from which to draw. The city of Colorado Springs was named the #1 city for employment growth in a 2019 WalletHub report and has a higher millennial population growth rate than any other city in the country according to a 2018 report by the Brookings Institution’s Metropolitan Policy Program. The city is widely regarded as a great place to live and has experienced extensive growth in recent years, being ranked as the 4th Best Place to Live in the United States by US News & World Report (2020-2021) and as the most confident workforce in the nation by LinkedIn (2020). Today, the 5-mile trade area is supported by more than 282,000 residents and 165,600 employees with an average household income of $71,790.
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Location

  • City Colorado Springs, CO
  • Neighborhood Knob Hill
  • Zip Code 80909
  • Market Denver

Contacts

broker

Stephen Sullivan

Newport Beach

(949) 270-8229

Contact Listing Broker

broker

Stephen Sullivan

Newport Beach

(949) 270-8229

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