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1st Floor - Unit 2508
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Medical
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10,000 SF
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$2,625,715 USD
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Unit Size: 10,000 SF
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Condo Use: Medical
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Price: $2,625,715 USD
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Sale Type: Investment or Owner User
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Price/SF: $262.57 USD
Description
LOCATION:
The Printers Park Market Center Site is situated at the northwest corner of Airport Road and Circle Drive. It is bounded on the south by Airport Road and a portion of the property is bounded on the east by Circle Drive. Approximately 1/8 mile to the west is Printers Parkway and approximately 3/4 of a mile to the north is Platte Avenue.
PRINTERS PARK VICINITY:
The Printers Park Area was originally a one square mile area owned by the Union Printers Home. It was subdivided in the 70's by Bill Smart and now is home to numerous hospitals, medical facilities, the Pikes Peak Regional Building Department, Colorado Springs Fire Department headquarters and training facility and a charter school.
UPGRADES TO THE CENTER:
New Roof, Updated HVAC & Electrical
Sale Notes
10,000 SF Single-Tenant Condo Investment Opportunity
Leased to Liberty Dialysis — Established National Healthcare Tenant
Absolute NNN Lease Structure with Zero Landlord Expense Responsibilities
Current Lease Term Extends Through 2029
Two (2) Additional Three-Year Renewal Options
3% Annual Rental Increases Provide Built-In NOI Growth
Stable, Recession-Resistant Medical Use
Ideal Opportunity for 1031 Exchange or Passive Healthcare Investment Buyer
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1st Floor - Unit 2512
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Office/Retail
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31,000 SF
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$3,469,399 USD
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Unit Size: 31,000 SF
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Condo Use: Office/Retail
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Price: $3,469,399 USD
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Sale Type: Investment
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Price/SF: $111.92 USD
Description
LOCATION:
The Printers Park Market Center Site is situated at the northwest corner of Airport Road and Circle Drive. It is bounded on the south by Airport Road and a portion of the property is bounded on the east by Circle Drive. Approximately 1/8 mile to the west is Printers Parkway and approximately 3/4 of a mile to the north is Platte Avenue.
PRINTERS PARK VICINITY:
The Printers Park Area was originally a one square mile area owned by the Union Printers Home. It was subdivided in the 70's by Bill Smart and now is home to numerous hospitals, medical facilities, the Pikes Peak Regional Building Department, Colorado Springs Fire Department headquarters and training facility and a charter school.
UPGRADES TO THE CENTER:
New Roof, Updated HVAC & Electrical
Sale Notes
Currently occupied by Elevate Trampoline.
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1st Floor - Unit 2516
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Retail
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21,820 SF
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$1,572,286 USD
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Unit Size: 21,820 SF
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Condo Use: Retail
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Price: $1,572,286 USD
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Sale Type: Investment or Owner User
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Price/SF: $72.06 USD
Description
LOCATION:
The Printers Park Market Center Site is situated at the northwest corner of Airport Road and Circle Drive. It is bounded on the south by Airport Road and a portion of the property is bounded on the east by Circle Drive. Approximately 1/8 mile to the west is Printers Parkway and approximately 3/4 of a mile to the north is Platte Avenue.
PRINTERS PARK VICINITY:
The Printers Park Area was originally a one square mile area owned by the Union Printers Home. It was subdivided in the 70's by Bill Smart and now is home to numerous hospitals, medical facilities, the Pikes Peak Regional Building Department, Colorado Springs Fire Department headquarters and training facility and a charter school.
UPGRADES TO THE CENTER:
New Roof, Updated HVAC & Electrical
Sale Notes
NNN Lease Structure with Limited Landlord Exposure – Planet Fitness is responsible for operating expenses, taxes, insurance, and maintenance subject to negotiated reimbursement caps, providing a highly passive ownership structure while limiting day-to-day landlord responsibilities.
National Credit Tenant with Long-Term Brand Recognition – Leased to Planet Fitness, one of the nation’s largest fitness operators, offering investors a stable tenancy and durable consumer-oriented use.
Significant Rental Upside Through Below-Market In-Place Lease Rate – Current rent of approximately $5.20/SF NNN is well below prevailing retail market rates in the Circle Drive & Airport Road corridor, creating an attractive opportunity for a long-term investor to capture embedded rental growth.
Built-In 25% Rent Increase Scheduled for 2030 – Lease economics include a substantial contractual rental adjustment in 2030, providing a meaningful NOI growth catalyst and potential increase in asset value.
Future Mark-to-Market Opportunity – Following the 2030 rent adjustment, ownership may have the ability to reposition rents closer to prevailing market levels, creating additional upside for a patient buyer focused on long-term appreciation.
Well-Located Colorado Springs Retail Investment – Prominent intersection location at Circle Drive and Airport Road with strong visibility, accessibility, and proximity to established residential and commercial demand drivers.
Attractive Passive Investment / 1031 Exchange Opportunity – An opportunity for investors seeking a stabilized national tenant, limited management requirements, and long-term appreciation potential through future rental growth.
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Matthew Craddock
Craddock Commercial Real Estate
