Highlights
- Size: 7,150 SF
- Sale Date: June 2020
- Property Type: Retail
Property Description
Constructed in 2017, this Single Tenant Net Leased O’Reilly Auto Parts 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.
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.
“We had multiple offers on this well-located O’Reilly’s asset from the day we went to market. With nearly 18 years of term remaining, the underlying publicly traded credit and the fantastic Markets at Mesa Ridge location we could have sold this asset to multiple buyers.” Commented Matt Call of NavPoint Real Estate Group
