For Sale
$2,886,000

1655 Main St Windsor, CO 80550

High-yield medical office, strong tenant.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 4,328 square foot medical office building in Windsor, Colorado, presents a compelling investment opportunity. Built in 2022, the property boasts a 10-year net lease with Fresenius Kidney Care, Aspen Dental, and Heartland Dental, the largest dental support organization in the U.S., a majority-owned subsidiary of KKR. The lease commenced August 5th, 2022, and expires August 31st, 2032, featuring 10% rental increases every five years. Situated on a 0.86-acre lot at a high-visibility intersection (18,256 AADT) with excellent access, the property benefits from strong demographics, including a population of 68,808 and an average household income exceeding $150,000 within a five-mile radius. The property's location near established communities, schools, and other businesses ensures a stable and growing customer base. The current NOI is $168,792, resulting in a 5.85% cap rate and an asking price of $2,886,000. This is a 1031 exchange eligible property. The property's prime location and strong tenant make it an ideal investment for those seeking stable, long-term returns.

Highlights

  • High-visibility Heartland Dental in Windsor, CO, at a signalized intersection with 18,256 AADT, near Safeway and Burger King.
  • Excellent location in a residential area near established communities like RainDance and River West.
  • Strong customer base supported by nearby residential developments.
  • Beneficial proximity to Windsor area schools.
  • Located in Colorado, a top-5 state for business environment.
  • Strong demographics: 68,808 population and $154,552 average annual household income within a 5-mile radius.

Property Details for 1655 Main St

Property type
Office properties, Medical offices
Square Feet
4,328 SF
Year Built
2022
Lot Size (sq. ft)
37,462 SF

Location Insight

City
Windsor
County
Weld
State
Colorado
Latitude
40.479475887555
Longitude
-104.9327214968

FAQs

What type of property is this?
Office property - High-yield medical office, strong tenant.
Where is the office property located?
The property is located at 1655 Main St Windsor, CO.
What is the asking price?
The asking price for this property is $2,886,000.
What are key features of this property?
This property features: High-visibility Heartland Dental in Windsor, CO, at a signalized intersection with 18,256 AADT, near Safeway and Burger King.; Excellent location in a residential area near established communities like RainDance and River West.; Strong customer base supported by nearby residential developments.
How can I contact the broker?
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1655 Main St
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