Retail Space - For Sale
7133 North Academy Boulevard Colorado Springs, CO 80920
Details & Description
Price: $3,350,000
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 1.090
  • Building Sq Ft 6,983
  • Building Price per Sq Ft $479.74
  • Land Sq Ft 47,480
  • Land Price per Sq Ft $70.56
Tenant has exercised its 5-year option from January 2021 - December 2025 with one additional 5-year option remaining.Mimi’s Cafe occupies the property under an original 20-year absolute triple net (NNN) lease which commenced on 12/20/2000 and expires on 12/21/2020 (early renewal of their first 5-year extension through 12/21/2025). Rent increases every five years. The tenant is responsible for all property taxes, insurance, common area maintenance, and roof and structure. There are no landlord responsibilities. Tenant reports store sales monthly.The subject property was built in 2000 specifically for Mimi’s Café. The 6,982 square foot restaurant property is situated on a 47,480 square foot lot located at the corner of Academy Boulevard. and East Woodmen Road.HighlightsTenant due for a rent increase of 9.39% in 20215-year renewal extension through 12/21/2025Lease is guaranteed by SWH CorporationSurrounded by Numerous National Retailers such as Marshalls, Sam’s Club, King Soopers, REI, The Home Depot, Hobby Lobby, Harbor Freight Tools, and Whole Foods amongst others.Colorado Springs is the second most populous city in Colorado has a population of 445,830.
Listing Agents
Jorge Jimenez
SVN Vanguard
O: 619-442-9200
jjimenez@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

7133 North Academy Boulevard

Colorado Springs, CO 80920

Listing ID: 206403
$3,350,000
For Sale
  • Property Type Retail for Sale : Other Retail
  • Lot Size Acres 1.090
  • Building Sq Ft 6,983
  • Building Price per Sq Ft $479.74
  • Land Sq Ft 47,480
  • Land Price per Sq Ft $70.56
7133 North Academy Boulevard Colorado Springs, CO 80920 | for Sale | Photo 1
Description

Tenant has exercised its 5-year option from January 2021 - December 2025 with one additional 5-year option remaining.

Mimi’s Cafe occupies the property under an original 20-year absolute triple net (NNN) lease which commenced on 12/20/2000 and expires on 12/21/2020 (early renewal of their first 5-year extension through 12/21/2025). Rent increases every five years. The tenant is responsible for all property taxes, insurance, common area maintenance, and roof and structure. There are no landlord responsibilities. Tenant reports store sales monthly.

The subject property was built in 2000 specifically for Mimi’s Café. The 6,982 square foot restaurant property is situated on a 47,480 square foot lot located at the corner of Academy Boulevard. and East Woodmen Road.

Highlights

Tenant due for a rent increase of 9.39% in 2021

5-year renewal extension through 12/21/2025

Lease is guaranteed by SWH Corporation

Surrounded by Numerous National Retailers such as Marshalls, Sam’s Club, King Soopers, REI, The Home Depot, Hobby Lobby, Harbor Freight Tools, and Whole Foods amongst others.

Colorado Springs is the second most populous city in Colorado has a population of 445,830.

Listing Demographics for 7133 North Academy Boulevard Colorado Springs, CO 80920

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population7,67181,883201,461
Population Median Age383837
Population by Age0-9 Yrs846 (11%)9767 (11%)24271 (12%)
10-19 Yrs800 (10%)11107 (13%)27293 (13%)
20-29 Yrs1602 (20%)13690 (16%)32116 (15%)
30-39 Yrs1095 (14%)10799 (13%)28121 (13%)
40-49 Yrs714 (9%)9069 (11%)23461 (11%)
50-59 Yrs1060 (13%)10931 (13%)26753 (13%)
60-69 Yrs944 (12%)9152 (11%)21953 (10%)
70+ Yrs610 (7%)7367 (8%)17493 (8%)
Median HH Income$67,273$78,442$74,889
Total Household Income< 24K509 (15%)3852 (12%)10387 (13%)
25-49K577 (17%)5346 (17%)14140 (18%)
50-74K789 (24%)5682 (18%)14172 (18%)
75-99K534 (16%)5308 (17%)12076 (15%)
100-199K660 (20%)8773 (28%)20911 (27%)
200K+191 (5%)2261 (7%)5595 (7%)
Highest Education LevelNo Diploma16318595194
Diploma or GED907894323578
Some College13561173129590
Assoc. Degree724572114202
Bachelors Degree13871598936845
Higher Degree7781005724601
Total Housing Units3,37732,50080,600
--Owner-Occupied1,76219,71649,022
--Renter-Occupied1,49911,50628,259
Owner-Occupied Values< 100K725252090
100-199K29026727186
200-299K651719317145
300-399K369511811517
400-499K26326726237
500K+11815364848
Total Working Age Population6,40666,254161,418
In Work Force4,35344,256109,045
Not In Work Force2,05321,99852,373
Workforce Employed4,07340,964100,204
Workforce Unemployed1622,1665,663
Civlian Workforce4,23543,129105,867
Military Workforce1181,1273,179
Total Households3,26131,22277,281
Family Households1,87020,65150,817
Non-Family Households1,39110,57126,464
Married Couple1,47316,77140,629
Other Family3973,88010,188
Married w/Child5026,26016,191
Single Male w/Child936371,583
Single Female w/Child1271,4364,023

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Colorado4,301,261+175,029,196+165,838,181+156,733,658
El Paso County516,929+20622,263+18735,176+16855,206

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Closest Commercial Airports
Airport Distance (mi)
Denver International Airport (DEN) 64
Albuquerque International Sunport / Kirtland Air Force Base (ABQ) 287
Rick Husband Amarillo International Airport (AMA) 308
Listing Agent
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