Shops at Powers & Research

Investment Overview

The Shops at Powers & Research is a 16,000 SF retail center at Powers Boulevard and Research Parkway in northeast Colorado Springs. The six-tenant mix includes restaurants, dance instruction, insurance and personal services. The offering reflects the Springs Dance expansion to 5,600 SF and projected full occupancy. Projected Year One NOI of $434,574 covers February 1, 2027 through January 31, 2028 and includes no vacancy allowance.

Investment Highlights

• 16,000 SF retail center with six tenants; projected 100% occupancy includes the Springs Dance expansion
• Contractual rent increases during the projected Year One period
• 2026 tenant commitments include the Springs Dance expansion and Pies & Grinders amendment
• Powers Boulevard and Research Parkway location near Wolf Ranch
• Average household income of $156,471 within one mile (2023 ACS)