4650 Signal Tree DrWindsor, CO 80547

For Sale
$2,478,000

High-yield medical office, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a 4,778 square foot Class B medical office condo in Timnath, Colorado, currently 100% occupied by a credit-rated tenant, Banner Health, under a NNN lease. The asking price is $2,478,000, representing a 6.75% cap rate and a price per square foot of $518.63. The property boasts a Net Operating Income (NOI) of $167,276 and features 12 exam rooms, a nurses' station, a break room, and a backup generator. Built in 2018, this single-tenant building sits on a 5.41 parking spaces per 1,000 square feet lot and is zoned CC. The lease commenced April 1, 2021, with a current remaining term of approximately 1.4 years, followed by two 3-year renewal options. The property enjoys a prime location within a synergistic shopping center alongside complementary businesses and benefits from excellent accessibility via E. Harmony Rd and proximity to major retailers and residential developments. Timnath's rapid population growth, with a 38.7% increase between July 2020 and July 2022, and high average household incomes exceeding $200,000 within a one-mile radius, further enhance the investment potential. This stabilized investment offers a compelling combination of strong tenant credit, high occupancy, and significant growth potential in a thriving Colorado market. The APN is 86022-18-200.

Highlights

  • Tenant boasts an AA- credit rating (Fitch).
  • Banner Health, a major national nonprofit healthcare system, is the tenant.
  • High-end medical suite: 12 exam rooms, utilities, nurses' station, break room, backup generator.
  • Located in a synergistic shopping center with complementary businesses.
  • Excellent access via E. Harmony Rd., near I-25 and major retailers (Costco, Walmart, etc.).
  • Strong demographics: surrounded by affluent residential areas (Timnath Trail, Brightland Homes, Timnath Lakes).

Property Details for 4650 Signal Tree Dr

Property type
Other retail properties, Other office properties
Square Feet
4,778 SF
Class
B
Year Built
2018
Units
1

Location Insight

City
Windsor
County
Larimer
State
Colorado
Latitude
40.521872307985
Longitude
-104.97697172459
4650 Signal Tree Dr, Windsor, Colorado

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4650 Signal Tree Dr
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