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864 Barranca Dr - Sandstone Care | 12+yrs Remaining NN 30,391 SF Health Care Building Offered at $8,348,000 at a 7% Cap Rate in Castle Rock, CO 80104
Investment Highlights
- Corporate Guaranteed | 12+ Years Remaining | 3% Annual Increases
- Well-Known and Established Tenant | Acquired by The Vistria Group
- Pioneer Ranch (1,100+ Units) | Pine Canyon (1,800 Units) | Canyons Far South (515 Homes) | Adjacent to 3,400+ Planned Units
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection | Centralized Location |AdventHealth Castle Rock (90 Bed Acute Care Hospital)
- Strong Demographics in 5-Mile Trade Area | Affluent Incomes
Executive Summary
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.
Property Facts
| Price | $8,348,000 | Lot Size | 1.36 AC |
| Price Per Bed | $8,348,000 | Building Size | 30,391 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 7% | No. Stories | 2 |
| Property Type | Health Care | Year Built | 2010 |
| Property Subtype | Rehabilitation Center | Parking Ratio | 0.86/1,000 SF |
| Building Class | B | Cross Streets | Woodlands Pky |
| Zoning | PD - Planned Development | ||
| Price | $8,348,000 |
| Price Per Bed | $8,348,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | B |
| Lot Size | 1.36 AC |
| Building Size | 30,391 SF |
| No. Beds | 1 |
| No. Stories | 2 |
| Year Built | 2010 |
| Parking Ratio | 0.86/1,000 SF |
| Cross Streets | Woodlands Pky |
| Zoning | PD - Planned Development |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2351-351-16-001 | Improvements Assessment | $1,115,750 |
| Land Assessment | $207,350 | Total Assessment | $1,323,100 |
Property Taxes
Parcel Number
2351-351-16-001
Land Assessment
$207,350
Improvements Assessment
$1,115,750
Total Assessment
$1,323,100
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