Firestone
Single-Tenant Offerings
Firestone
1358 Republic Drive
Colorado Springs, CO
- Price:
- $4,350,000
- Cap Rate:
- 4.65%
- NOI:
- $202,320
- Rentable SQFT:
- 6,116 SF
- Year Built:
- 2021
- Lot Size:
- 0.84 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease with 5% Increases Every 5 Years
- Corporate Guaranty from Bridgestone Retail Operations, LLC
- Firestone is a Fortune 500 Company, Rated ‘A’ by S&P
- Brand New High-Quality Construction
- Serving Over 112,000 Residents in Rapidly Growing Colorado Springs Suburb
- Average Household Income Exceeds $153,000 within 3 Miles and $130,000 within 5 Miles
- High Visibility Location with 53,900 Cars/Day at Intersection
- Just Off I-25 with 110,000 Cars/Day, Minutes to Downtown Colorado Springs and 59 Miles South of Downtown Denver
- Directly Across from One of the First In-N-Out Burger’s in Colorado and Down the Street from In-N-Out’s New 250,000 SF Corporate Campus
- Adjacent to Interquest Marketplace, a 900,000+ SF Mixed-Use Development Anchored by Scheel’s, 890+ Apartments, Several Hotels Including Great Wolf Lodge, and Dozens of Retailers
- Strong Daytime Population, Over 63,000 Employees within 5 Miles, Surrounded by Corporate Offices and Distribution Hubs for Ford Motor Credit, Lockheed Martin, Walmart, Western Digital, and In-N-Out Burger
- Walking Distance to Pikes Peak Community College Rampart Range Campus, Serving Approximately 20,000 Students in Colorado Springs
- Close Proximity to the U.S. Air Force Academy with 4,304 Students, Attracts 1 Million Visitors Annually
- Across from New Life Church with over 10,000 Members and Weekly Congregations Seating up to 8,000
- Just North of Garden of the Gods Visitor Center with Over 4 Million Visitors Annually
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