Net Lease with Corporate Guarantee – The 10 year extended lease (5+ years remaining) is corporate guaranteed by ECMC Group, Inc., a nonprofit operating entity with over $600 million in net assets.
Excellent Rent Growth – The lease features 2% annual increases in the Primary Term and increases at Fair Market Value in the Options.
Successful Operating History – The property is 100% leased to Everest College, which has operated at this location since 2003 and has consistently been one of the system’s top performing locations.
Advanced Technology Business Campus – The Class “A” office building is heavily parked (11:1,000 SF) and features 10 ft finished ceilings, extensive windowline, and amenities including fiber optics and extensive HVAC.
Excellent Location – Quick Access to Highways, Airport, Military Bases – The subject property has 300 feet of frontage along Hwy 24/Fountain Blvd, one of the primary east-west arterials in southeastrn Colorado Springs (27,000 cars per day). The property is strategically located between Fort Carson Army base, and Schriever and Peterson Air Force bases, and offers close proximity to Colorado Springs Airport.
Strong Military/Retail Corridor – The property is located in “Defense Contractors Row”, a major industry corridor in Colorado Springs’ renowned Aerotech/Defense region. Nearby retail neighbors include Walmart, O’Reilly Auto Parts, Carl’s Jr., Shell, CarMike 10 Multiplex, Safeway, Park Bank, Days Inn, Holiday Inn, 7-Eleven, and more.