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Single-Tenant Office Medical

American Family Care Urgent Care

1942 E Main St, Cortez, CO 81321

Listing Price: $3,636,000

Cap Rate
5.50%
Tenant Name
AFC Urgent Care
Guarantor
Franchisee Guarantee
Rentable SF
3,693
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.16

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new American Family Care Urgent Care located in Cortez, Colorado. This brand-new location features a 15-year, triple net (NNN) lease with full term remaining and three, five-year tenant renewal options. The lease offers 10 percent rent increases every five years throughout base term and option periods. American Family Care is the nation’s leading provider of urgent care, accessible primary care, and occupational medicine with more than 250 clinics and 800 in-network physicians serving over six million patients annually. The company was ranked by Inc. Magazine as one of the fastest-growing companies in the U.S. This property is located on Main Street with a traffic count of more than 21,000 vehicles, and less Than two miles off Broadway, which is a major roadway that runs northwest and south through Colorado. In addition to local retailers, surrounding national brands include Walmart Supercenter, Safeway, City Market, Hibbett Sports, Dollar Tree, Aaron’s, AutoZone, O’Reilly Auto Parts, Big O Tires, AT&T, Verizon Wireless, T-Mobile, KFC, Taco Bell, McDonald’s, Pizza Hut, Walgreens, Holiday Inn Express, Baymont by Wyndham, Hampton Inn, Days Inn, Quality Inn, Best Western Turquoise Inn & Suites and many more. Cortez, CO is One of the Largest Towns in Southwest Colorado. The property is located one half mile from Montezuma-Cortez High School, one mile from the University of Colorado Center which is part of the number one university in the state, and less than two miles from Southwest Memorial Hospital, with nearly 50 staffed beds and 70 doctors.

Investment Highlights

  • New, 15-Year, Triple Net (NNN) Lease With Full Term Remaining | Brand New Construction With Projected Opening June 2022
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • AFC is the Nation's Leading Provider of Urgent Care, Accessible Primary Care, and Occupational Medicine
  • More Than 250 Clinics and 800 In-Network Physicians Serving Over Six Million Patients Annually
  • Ranked by Inc. Magazine as One of the Fastest-Growing Companies in the U.S.
  • Located on Main Street With a Traffic Count of More Than 21,000 Vehicles
  • Less Than Two Miles Off Broadway, Which is a Major Roadway that Runs Northwest and South Through Colorado
  • In Addition to Local Retailers, Surrounding National Brands Include Walmart Supercenter, Safeway, City Market, Hibbett Sports, Dollar Tree, Aaron's, AutoZone, O'Reilly Auto Parts, Big O Tires, AT&T, Verizon Wireless, T-Mobile, KFC, Taco Bell, McDonald's, Pizza Hut, Walgreens, Holiday Inn Express, Baymont by Wyndham, Hampton Inn, Days Inn, Quality Inn, Best Western Turquoise Inn & Suites and Many More

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Single-Tenant Office Medical

American Family Care Urgent Care

Listing Price: $3,636,000

Cap Rate
5.50%
Tenant Name
AFC Urgent Care
Guarantor
Franchisee Guarantee
Rentable SF
3,693
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.16

Investment Highlights

  • New, 15-Year, Triple Net (NNN) Lease With Full Term Remaining | Brand New Construction With Projected Opening June 2022
  • 10 Percent Rent Increases Every Five Years Throughout Base Term and Option Periods
  • AFC is the Nation's Leading Provider of Urgent Care, Accessible Primary Care, and Occupational Medicine
  • More Than 250 Clinics and 800 In-Network Physicians Serving Over Six Million Patients Annually
  • Ranked by Inc. Magazine as One of the Fastest-Growing Companies in the U.S.
  • Located on Main Street With a Traffic Count of More Than 21,000 Vehicles
  • Less Than Two Miles Off Broadway, Which is a Major Roadway that Runs Northwest and South Through Colorado
  • In Addition to Local Retailers, Surrounding National Brands Include Walmart Supercenter, Safeway, City Market, Hibbett Sports, Dollar Tree, Aaron's, AutoZone, O'Reilly Auto Parts, Big O Tires, AT&T, Verizon Wireless, T-Mobile, KFC, Taco Bell, McDonald's, Pizza Hut, Walgreens, Holiday Inn Express, Baymont by Wyndham, Hampton Inn, Days Inn, Quality Inn, Best Western Turquoise Inn & Suites and Many More

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new American Family Care Urgent Care located in Cortez, Colorado. This brand-new location features a 15-year, triple net (NNN) lease with full term remaining and three, five-year tenant renewal options. The lease offers 10 percent rent increases every five years throughout base term and option periods. American Family Care is the nation’s leading provider of urgent care, accessible primary care, and occupational medicine with more than 250 clinics and 800 in-network physicians serving over six million patients annually. The company was ranked by Inc. Magazine as one of the fastest-growing companies in the U.S. This property is located on Main Street with a traffic count of more than 21,000 vehicles, and less Than two miles off Broadway, which is a major roadway that runs northwest and south through Colorado. In addition to local retailers, surrounding national brands include Walmart Supercenter, Safeway, City Market, Hibbett Sports, Dollar Tree, Aaron’s, AutoZone, O’Reilly Auto Parts, Big O Tires, AT&T, Verizon Wireless, T-Mobile, KFC, Taco Bell, McDonald’s, Pizza Hut, Walgreens, Holiday Inn Express, Baymont by Wyndham, Hampton Inn, Days Inn, Quality Inn, Best Western Turquoise Inn & Suites and many more. Cortez, CO is One of the Largest Towns in Southwest Colorado. The property is located one half mile from Montezuma-Cortez High School, one mile from the University of Colorado Center which is part of the number one university in the state, and less than two miles from Southwest Memorial Hospital, with nearly 50 staffed beds and 70 doctors.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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