Valli Hi Center | Top 1% Grocery Anchor — Sale in Colorado Springs, CO
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Colorado Springs, CO 80910
Photos
Investment Figures
- Cap rate
- 7.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present Valli Hi Shopping Center, a 52,169 SF grocery-anchored strip center located at 405-529 S. Circle Drive in Colorado Springs, CO. Offered at $5,830,000 ($112/SF), the center is anchored by a top-performing Save-A-Lot ranked in the top 1% of all Save-A-Lot locations nationwide by Placer.ai traffic data alongside Family Dollar and a mix of local and national tenants. With in-place rents averaging $9.51/SF against market rates of $14–$18/SF, and 98% of leases rolling within four years, the offering presents a rare opportunity to acquire an infill, needs-based retail asset with significant embedded rent growth and a clear path to mark rents to market. Investment Highlights: • Top Performing Grocer Nationally - This Save-A-Lot Store Ranks in the Top 1% of all Stores Nationwide, with Nearly 350,000 Visitors Annually • Currently 98% Occupied with a Mix of Local and National Retailers with Below Market Rents Averaging just $8.97/SF, while Market Rents are $14-$18/SF • The Property has Received $1,000,000+ in Capital Improvements Since 2020, Including a New Roof (2021), HVAC replacements, Storefront Upgrades, and Parking Lot Repairs
Market Context
This retail in Colorado Springs, CO is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Colorado Springs, CO — view the full market.
Contact
- Cory Gross · (303) 328-2019 · cory.gross@marcusmillichap.com
- Erik Franks · (303) 328-2054 · erik.franks@marcusmillichap.com
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