864 Barranca Dr - Health Care FOR SALE


Castle Rock, CO 80104
$8,348,000 USD
858-603-8436
864 Barranca Dr, Castle Rock, CO for Sale
$8,348,000 USD
Health Care - FOR SALE
1/12
null | 7% Cap Rate

864 Barranca Dr
Castle Rock, CO 80104


HIGHLIGHTS

  • Corporate Guaranteed | 12+ Years Remaining | 3% Annual Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Well-Known and Established Tenant | Acquired by The Vistria Group
  • Signalized, Hard Corner Intersection | Centralized Location |AdventHealth Castle Rock (90 Bed Acute Care Hospital)
  • Pioneer Ranch (1,100+ Units) | Pine Canyon (1,800 Units) | Canyons Far South (515 Homes) | Adjacent to 3,400+ Planned Units
  • Strong Demographics in 5-Mile Trade Area | Affluent Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, Sandstone Care investment opportunity located in Castle Rock, Colorado (Denver MSA). The tenant has over 12 years of firm term remaining and 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 3% annual increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$8,348,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sandstone Care | 12+yrs Remaining NN

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

PD

APN/PARCEL ID

2351-351-16-001

ASK ABOUT THIS PROPERTY

Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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Ryan TomkinsSRS Real Estate PartnersMore Info
858-603-8436

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