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38619 Boulder Canyon Dr - Sandstone Care | 15+yrs Corp Lease 14,035 SF Health Care Building Offered at $15,082,000 in Boulder, CO 80302
Investment Highlights
- 15+ Years Remaining | Corporate Guaranteed | Scheduled Increases | Options To Extend | Major Renovations
- Sandstone Care | Acquired by The Vistria Group ($11B in AUM)
- NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
- Boulder, Colorado (105,000+ Residents) | Six-Figure Average Household Incomes
Executive Summary
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 $10 million.
Property Facts
| Price | $15,082,000 | Lot Size | 12.44 AC |
| Price Per Bed | $15,082,000 | Building Size | 15,514 SF |
| Sale Type | Investment | No. Beds | 1 |
| Property Type | Health Care | No. Stories | 2 |
| Property Subtype | Rehabilitation Center | Year Built/Renovated | 1990/2025 |
| Building Class | B | Parking Ratio | 1.8/1,000 SF |
| Zoning | (F) - Forestry | ||
| Price | $15,082,000 |
| Price Per Bed | $15,082,000 |
| Sale Type | Investment |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | B |
| Lot Size | 12.44 AC |
| Building Size | 15,514 SF |
| No. Beds | 1 |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2025 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | (F) - Forestry |
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Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1461340-00-022 | Improvements Assessment | $483,198 |
| Land Assessment | $521,350 | Total Assessment | $1,004,548 |
Property Taxes
Parcel Number
1461340-00-022
Land Assessment
$521,350
Improvements Assessment
$483,198
Total Assessment
$1,004,548
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