FOUNTAIN, CO River Bend Crossing SWC Highway 87 & Main Street ERIC DIESCH 303.390.5230 eric.diesch@srsre.com GREG KAUFMAN 719.634.1500 greg@corecommbc.com
OVERVIEW River Bend Crossing SWC Highway 87 & Main Street Fountain, CO 84,375 SF NEW RETAIL SPACE 1,200-11,000 SF INLINE & SMALL SHOP SPACE 9.90 ACRE MIXED-USE DEVELOPMENT 225 NEW DETACHED HOMES ($300K RANGE) Q3 2018 OPENING
CITY INFORMATION Fountain, CO Fountain is pure Colorado from its attractive views of Pikes Peak and the Front Range, to rolling hills, recreation parks and trails, and history of agriculture. Fountain boasts the charming aspects of country living with the urban amenities of great restaurants and stores. Located along I-25 and Fountain Creek, Fountain retains a friendly small town atmosphere and quick access to Colorado Springs. 1% - 2% PROJECTED ANNUAL GROWTH RATE 13,815 EMPLOYEES FORT CARSON IS THE AREA S LARGEST EMPLOYER ACCESSIBILITY 10 MINUTES / 7 MILES TO COLORADO SPRINGS AIRPORT 15 MINUTES / 12 MILES TO DOWNTOWN COLORADO SPRINGS 25 MINUTES / 27 MILES TO PUEBLO 1.25 HOURS / 75 MILES TO DENVER 1.5 HOURS / 95 MILES TO DENVER INTERNATIONAL AIRPORT Source: City of Fountain
Demographic Summary POPULATION 3 MILE 5 MILE 7 MILE 2016 Population 51,758 146,476 225,749 2021 Population 54,700 159,211 243,702 2016-2021 Annual Rate 1.11% 1.68% 1.54% 2016 Median Age 30.8 29.7 31.2 Daytime Population 9,566 38,600 100,478 HOUSEHOLDS 2016 Total Households 16,089 50,073 82,834 2021 Total Households 17,123 54,455 89,309 2016-2021 Annual Rate 1.25% 1.69% 1.52% INCOME 2016 Median Household Income $53,400 $52,279 $48,213 2016 Average Household Income $64,518 $64,921 $62,712 Per Capita Income $22,310 $23,234 $23,896 Source: Esri
Mid View Aerial
Site Concept LAND AREA BUILDING SF ACRES AREA (SF) TRACT A 122,636 2.82 22,000 TRACT B 107,562 2.47 23,600 TRACT C 174,003 3.99 38,775 SUBTOTAL 404,201 9.28 84,375 PROPOSED R.O.W. 27,124 0.62 TOTAL 431,325 9.90 INLINE & SMALL SHOP SPACE 1,200-11,000 SF
Elevations
Retail Market Profile Leakage/Surplus Factor Data Note: Supply (retail sales) estimates sales to consumers by establishments. Sales to businesses are excluded. Demand (retail potential) estimates the expected amount spent by consumers at retail establishments. Supply and demand estimates are in current dollars. The Leakage/Surplus Factor presents a snapshot of retail opportunity. This is a measure of the relationship between supply and demand that ranges from +100 (total leakage) to -100 (total surplus). A positive value represents leakage of retail opportunity outside the trade area. A negative value represents a surplus of retail sales, a market where customers are drawn in from outside the trade area. Esri uses the North American Industry businesses by their primary type of economic activity. Retail establishments the Retail Trade sector, as well as four industry groups within the Food Services & Drinking Establishments subsector.
Business Improvement District (BID) and Public Improvement Fee (PIF) Summary Descriptions Business Improvement Distrcit - BID The property may be within the boundaries of a Business Improvement District (BID) which operates under the authorities and powers allowed under the Business Improvement District Act, Section 31-25-1201, et seq., Colorado Revised Statutes. The BID may fund or perform the design, installation, construction, or acquisition of public improvements within the project area. The BID may also own, operate and maintain public improvements such as parking areas, common areas, signage, landscaping and perform related functions such as snow removal, lot striping, etc. on BID property. The ownership of parking lots, common areas and signage by the BID results in lower CAM charges for property owners and tenants within the BID. The BID is also authorized to perform marketing functions to enhance the business climate within its boundaries. The BID is funded through property taxes and fees and is subject to annual budget and audit requirements as a government and political subdivision of the State of Colorado. The BID can also act in conjunction with other governmental entities such as the City, other districts and urban renewal authorities to provide coordinated regional improvements and services. Public Improvement Fee - PIF The property within the development is subject to a Public Improvement Fee (PIF) which has been or will be recorded against the property as a private covenant against the land. The PIF covenant imposes a fee as a percentage of all sales occurring within the property subject to the PIF covenant. The PIF is collected at the register on all retail sales (pre-tax) that are normally subject to the Colorado and local sales tax and is then paid to an entity designated in the PIF covenant, usually a Business Improvement District or Metropolitan District. The PIF receipts are pledged for repayment of bonds that have been issued to fund public improvements constructed for the project. The PIF funds can also be used to fund operations and maintenance functions for the project. As a private covenant, the PIF is a condition of ownership or leasing of property within the PIF covenant boundaries and failure to collect and remit the PIF as required is a violation of the covenant subject to
For leasing information, contact: ERIC DIESCH Vice President 303.390.5230 eric.diesch@srsre.com GREG KAUFMAN Principal 719.634.1500 greg@corecommbc.com SRS REAL ESTATE PARTNERS 1875 Lawrence Street, Suite 850 Denver, CO 80202 303.572.1800 CORE COMMERCIAL 8570 Criterion Drive, Suite 148 Colorado Springs, CO 80920 719.822.1880