Shops at Powers & Research

5490 & 5510 Powers Center Pt, Colorado Springs, CO 80920

Accepting Offers

Asking Price

$6,200,000

Shops at Powers & Research

5490 & 5510 Powers Center Pt, Colorado Springs, CO 80920

Details

Asset Type: Real Estate

Estate: Leasehold

Year Built: 2006

Number of Floors: 1

NOI: 434,573.5

Property Type: Retail

Occupancy %: 100

Land Area: 1.67 Acres

Parking Count: 63

Property Size: 16,000 SF

Investment Highlights

16,000 SF retail center with six tenants; projected 100% occupancy includes the Springs Dance expansion
Contractual rent increases during the projected Year One period
2026 tenant commitments include the Springs Dance expansion and Pies & Grinders amendment
Powers Boulevard and Research Parkway location near Wolf Ranch
Average household income of $156,471 within one mile (2023 ACS)

Shops at Powers & Research - 5490-5510 Powers Center

The Shops at Powers & Research is a 16,000 SF retail center at Powers Boulevard and Research Parkway in northeast Colorado Springs. The six-tenant mix includes restaurants, dance instruction, insurance and personal services. The offering reflects the Springs Dance expansion to 5,600 SF and projected full occupancy. Projected Year One NOI of $434,574 covers February 1, 2027 through January 31, 2028 and includes no vacancy allowance.

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