For Sale
Call for price

6920 38Th AveWheat Ridge, CO 80033

Stable NNN lease, strong tenant, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple interest in a 10,360 square foot medical office building situated on a 1.159-acre lot in Wheat Ridge, Colorado. The property, located at 6920 W 38th Ave, features 7,692 square feet of net rentable space and is currently 100% occupied by Innovative Renal Care under a 15-year Absolute NNN lease with a corporate guarantee. The lease commenced July 3, 2014, and expires July 2, 2029, leaving approximately 4.6 years remaining. Rent increases are built in at 3% annually. The lease includes two 5-year renewal options. Originally constructed in 1961, the single-story building underwent renovations in 2016. Its prime location on West 38th Avenue offers excellent visibility and accessibility to major transportation routes. The property benefits from strong surrounding demographics and a thriving commercial environment in Wheat Ridge, Jefferson County, Colorado (zip code 80033). This investment offers a stable income stream backed by a reputable tenant in the growing healthcare sector, providing both stability and growth potential. The property's strategic location and recent renovations make it an attractive addition to any diversified portfolio.

Highlights

  • Fee-simple ownership of a 10,360 square foot medical office building on a 1.159-acre lot in Wheat Ridge, CO.
  • 7,692 square feet of net rentable space, 100% occupied by Innovative Renal Care.
  • Absolute NNN lease with corporate guarantee; approximately 4.6 years remaining on a 15-year lease (expires July 2, 2029), including two 5-year renewal options and 3% annual rent increases.
  • Single-story building, renovated in 2016, located at 6920 W 38th Ave, Wheat Ridge, CO 80033.
  • Excellent visibility and accessibility; strong demographics and thriving commercial environment.

Property Details for 6920 38Th Ave

Property type
Office properties, Medical offices
Square Feet
10,360 SF
Year Built/Renovated
1961/2016
Buildings
1
Stories
1
Lot Size (sq. ft)
50,486 SF

Location Insight

City
Wheat Ridge
County
Jefferson
State
Colorado
Latitude
39.7689835
Longitude
-105.073666
6920 38Th Ave, Wheat Ridge, Colorado

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6920 38Th Ave
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