390 Yampa Ave Craig, CO 81625

This exceptional investment opportunity presents a 4,320 square foot, single-tenant medical office building located at 390 Yampa Ave, Craig, CO 81625. The property, built in 1960, sits on a 0.359-acre lot and boasts a Class B rating. Currently 100% occupied under a Net Lease (NNN) agreement with a regional medical tenant, Porch Light Health (formerly Front Range Clinic), with approximately 28 locations across Colorado and New Mexico. The tenant, established at this location since 2019, recently signed a one-year lease renewal commencing March 1, 2024, and expiring March 1, 2025. The building offers a strong 7.80% capitalization rate and a price per square foot of $115.74, with a Net Operating Income (NOI) of $39,000. This versatile corner property features ample rear parking and benefits from its location within a Craig Urban Renewal Authority Plan Area, offering potential incentives for redevelopment and revitalization. The strategic location is approximately 40 miles from Steamboat Springs and 85 miles from Dinosaur National Monument, providing convenient access to a wider patient base. This is a rare opportunity to acquire a stable, income-producing asset in a growing market. The property is offered at an asking price of $500,000.