1655 Main StWindsor, CO 80550

Property Details for 1655 Main St

Year built

2022

Lot size

0.86 AC

Property size (Sq ft)

4,200 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

R6775420

APU

R6775420

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,003,484

  6.5%

  $926,293

  7%

  $860,129

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,102,869

  Geo Method

  $347,004

• Alternative Use

  Use

  Valuation

  Residential

  $1,148,603

  Hospitality

  $1,052,114

  Educational

  $875,347

  Medical

  $905,452

  Retail

  $1,361,651

Location Insight

City

Windsor

County

Weld

State

Colorado

Latitude

40.4789

Longitude

-104.933

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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