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Single-Tenant Office Medical

CareVet Animal Hospital Strip | Affluent Colorado Springs Suburb | NNN Lease | Relocation Site

550 Colorado-105, Monument (Colorado Springs MSA), CO 80132

Listing Price: $3,840,000

Cap Rate
6.75%
Tenant Name
CareVet
Years Remaining On Lease
14.8
Gross SF
9,842
Guarantor
Corporate Guarantee
Rentable SF
9,842
Price/Gross SF
$390.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.33

Investment Overview

Monument, Colorado, is a city located in El Paso County, nestled between Denver and Colorado Springs. The City is known for its picturesque landscapes, including rolling hills, pine forests, and stunning rock formations. The iconic red rocks of the nearby Garden of the Gods are a popular attraction for tourists and locals alike. Monument also provides opportunities for outdoor activities such as hiking, biking, and wildlife viewing in the surrounding areas, including the Pike National Forest. While primarily a residential community, Monument has a small downtown area with local businesses, restaurants, and services catering to the needs of its residents. It offers a quaint and charming atmosphere, fostering a close-knit community feel. Monument’s economy is closely tied to the broader economic activity of El Paso County. The region benefits from various sectors, including military and defense, tourism, healthcare, education, technology, and professional services. Fort Carson, one of the largest military installations in the United States, is nearby, providing employment opportunities and supporting local businesses. With its proximity to major cities, Monument offers residents the convenience of suburban living while still being within commuting distance to employment centers, cultural amenities, and shopping opportunities in Colorado Springs and Denver.

Investment Highlights

  • CareVet Anchored Strip. CareVet Relocated to this Location and Recently Restated and Extended Term Demonstrating Strong Commitment to the Location.
  • 2022 / 2023 Complete Renovation Including New Roof w/ Warranty.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 19k Vehicles. Immediate Access to Interstate-25 (63k+ VPD).
  • Affluent Colorado Springs Suburb: Features an Average Household Income of more than $153k (twice the National Average) within a 3-Mile Radius.
  • Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success. Healthcare and Veterinary Related Real Estate has been the Least Affected by Economic Recession.
  • Pad to Safeway and Surrounded by Numerous other National Retailers including Walmart Supercenter, The Home Depot, Kohl's, Staples, PetSmart, King Soopers and many more.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Monument's Location Between Colorado Springs and Denver Provides Businesses Access to a Large Customer Base and Metropolitan Resources.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Single-Tenant Office Medical

CareVet Animal Hospital Strip | Affluent Colorado Springs Suburb | NNN Lease | Relocation Site

Listing Price: $3,840,000

Cap Rate
6.75%
Tenant Name
CareVet
Years Remaining On Lease
14.8
Gross SF
9,842
Guarantor
Corporate Guarantee
Rentable SF
9,842
Price/Gross SF
$390.16
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.33

Investment Highlights

  • CareVet Anchored Strip. CareVet Relocated to this Location and Recently Restated and Extended Term Demonstrating Strong Commitment to the Location.
  • 2022 / 2023 Complete Renovation Including New Roof w/ Warranty.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 19k Vehicles. Immediate Access to Interstate-25 (63k+ VPD).
  • Affluent Colorado Springs Suburb: Features an Average Household Income of more than $153k (twice the National Average) within a 3-Mile Radius.
  • Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success. Healthcare and Veterinary Related Real Estate has been the Least Affected by Economic Recession.
  • Pad to Safeway and Surrounded by Numerous other National Retailers including Walmart Supercenter, The Home Depot, Kohl's, Staples, PetSmart, King Soopers and many more.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Monument's Location Between Colorado Springs and Denver Provides Businesses Access to a Large Customer Base and Metropolitan Resources.

Investment Overview

Monument, Colorado, is a city located in El Paso County, nestled between Denver and Colorado Springs. The City is known for its picturesque landscapes, including rolling hills, pine forests, and stunning rock formations. The iconic red rocks of the nearby Garden of the Gods are a popular attraction for tourists and locals alike. Monument also provides opportunities for outdoor activities such as hiking, biking, and wildlife viewing in the surrounding areas, including the Pike National Forest. While primarily a residential community, Monument has a small downtown area with local businesses, restaurants, and services catering to the needs of its residents. It offers a quaint and charming atmosphere, fostering a close-knit community feel. Monument’s economy is closely tied to the broader economic activity of El Paso County. The region benefits from various sectors, including military and defense, tourism, healthcare, education, technology, and professional services. Fort Carson, one of the largest military installations in the United States, is nearby, providing employment opportunities and supporting local businesses. With its proximity to major cities, Monument offers residents the convenience of suburban living while still being within commuting distance to employment centers, cultural amenities, and shopping opportunities in Colorado Springs and Denver.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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