Fountain, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of a 10,000 SF Single Tenant NNN lease Dollar Tree retail investment located at 6955 Mesa Ridge Parkway, in Fountain, Colorado.
Located just south of metro Colorado Springs, the property features excellent access to Interstate 25 and close proximity to Fort Carson, the primary employer in the Fountain, Colorado area. The property is surrounded by an increasing residential population and offers strong retail growth within the trade area.
Constructed in 2016, the property is part of the Markets at Mesa Ridge shopping center. This busy retail center is anchored by Safeway and includes several fast-casual dining options like Chick-fil-A and Sonic. As part of the shopping center, this property offers ample parking.
“We had tremendous interest in this asset given the Dollar Tree credit, relatively new construction and 7+ years of term remaining. The Markets at Mesa Ridge is a robust grocery anchored retail area in Fountain and even with the current environment surrounding Covid19 we were able to secure an exchange Buyer and close in only 21 days,” said Matt Call of NavPoint Real Estate Group.
Matt Call and Ian Elfner of NavPoint Real Estate Group handled the transaction for the seller RJ at MMR, LLC and the buyer, Silverwood Investments LP. This transaction successfully closed in May 2020.