Firestone Ground Lease
Single-Tenant Offerings
Firestone Ground Lease
1445 Jamboree Dr.
Colorado Springs, CO
- Price:
- $3,097,000
- Cap Rate:
- 4.65%
- NOI:
- $144,000
- Rentable SQFT:
- 6,000 SF
- Lot Size:
- 1.00 +/- Acres
- Lease Type:
- Ground Lease
- Status:
- Under Contract
Investment Highlights
- 13 Years Remaining, Absolute NNN Ground Lease
- 10% Rental Increases Every 5 Years
- Corporate Guaranty from Bridgestone Retail Operations, LLC
- Firestone is a Fortune 500 Company, Rated ‘A’ by S&P
- 33-Year Operating History at Location, Recently Extended Lease at Higher Rental Rate
- Serving Over 181,700 Residents in Growing Trade Area
- Average Household Income Exceeds $92,000 within 1 Mile and $109,000 within 3 Miles
- Outparcel to Chapel Hills Mall with Over 8 Million Shoppers Annually
- Former Sears Space at Mall Being Redeveloped into 300 Multi-Family Units
- Adjacent to 9,600-Acre Master-Planned Development with 30,000 Residents, 4 Million SF of Class-A Office, and 15 Schools
- Primary Retail Corridor, Across from Walmart Supercenter and Whole Foods Anchored Shopping Center
- Just Off I-25 with Over 110,000 Cars/Day, the Major North/South Artery in the State
- Strong Daytime Population, Over 91,000 Employees within a 5-Mile Radius
- Down the Street from U.S. Air Force Academy with 4,304 Students and 1 Million Visitors Annually
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