1520 Royal Gorge Boulevard

Retail Strip Center – Investment Opportunity with Long-Term Tenants...This three-unit retail strip center presents an exceptional investment opportunity, featuring two well-established tenants and one vacant unit, offering additional income potential. Anchored by a popular Bar & Grill (Canon City Mugs Bar & Grill) and a thriving Coffee Shop (Canon City Coffee), this property combines stability with growth opportunities in a high-traffic location.
Property Highlights:
* Total Lease Space: 6,034 sq. ft., offering flexible leasing opportunities for the vacant unit.
* Long-Term Tenants: Two tenants have occupied their spaces for over 10 years, ensuring consistent income and proven business success.
* Vacancy Upside: One vacant unit provides the chance to increase NOI and enhance the property’s value.
* Triple Net (NNN) Leases: Current tenants are under NNN lease agreements, minimizing landlord responsibilities.
* Modern Construction: Built in 2000 and meticulously maintained, the property reflects high-quality construction and ongoing care.
* Ample Customer Parking: A spacious parking lot accommodates tenants’ customers and supports business growth.
* Attractive Cap Rate: When fully leased, the property operates at an impressive 7.5% cap rate, making it a sound investment.
Positioned in a prime location with strong visibility and consistent foot traffic, this property offers a balanced blend of stable income and growth potential. Ideal for seasoned investors or first-time commercial property buyers, this opportunity is too good to pass up.
Contact us today for financials, lease details, and to schedule a private tour.