38619 Boulder Canyon Dr - Health Care FOR SALE


Boulder, CO 80302- Outer Central
$15,667,000 USD
480-221-4221
38619 Boulder Canyon Dr, Boulder, CO for Sale
$15,667,000 USD
Health Care - FOR SALE
1/8
null | 6.37% Cap Rate

38619 Boulder Canyon Dr
Boulder, CO 80302
Outer Central


HIGHLIGHTS

  • 15+ Years Remaining | Corporate Guaranteed | Scheduled Increases | Options To Extend | Major Renovations
  • NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Sandstone Care | Acquired by The Vistria Group ($11B in AUM)
  • Boulder, Colorado (105,000+ Residents) | Six-Figure Average Household Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, recently remodeled, Sandstone Care investment property located in Boulder, Colorado. The tenant, Sandstone Care Cos, LLC, has 15+ years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features variable rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal investment opportunity for a passive investor. In addition, in July of 2025, the property completed major exterior and interior renovations to the improvements at an approximate cost of $8 million.

FOR SALE DETAILS

PRICE

$15,667,000 USD

PRICE/SF

$1,010 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sandstone Care | New 15yr Corp NNN

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

12.44 AC

LAND SF

541,962 SF

ZONING

Forestry (F)

APN/PARCEL ID

1461340-00-022

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.