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Single-Tenant Office Medical

One of the Largest U.S. Dermatology Groups (150+ Locations) | Fort Collins | Recent Lease Extension

1006 Centre Ave, Fort Collins, CO 80526

Listing Price: $1,075,000

Cap Rate
6.95%
Tenant Name
Advance Dermatology
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
4,345
Lease Type
Double Net
Rent Per Square Feet
$16.70

Investment Overview

Located in the heart of Fort Collins, the property is surrounded by a thriving mix of residential neighborhoods, educational institutions, medical offices, and high-traffic commercial corridors. Within a 3-mile radius, the area is anchored by Colorado State University, with a student and faculty population exceeding 35,000, which helps drive consistent foot traffic and demand for personal care, wellness, and medical services.

This submarket offers a balanced blend of professional clientele and youthful energy. The nearby CSU Veterinary Teaching Hospital, Poudre Valley Hospital, and several specialty medical clinics contribute to a high concentration of healthcare-related businesses in the area. Residents within the surrounding neighborhoods enjoy strong household incomes, and the local economy is supported by higher education, tech, and clean energy sectors.

Major traffic corridors such as Prospect Road, College Avenue (U.S. 287), and Shields Street enhance accessibility and visibility. Lifestyle amenities like parks, trails, and specialty retail centers make this a sought-after location for both work and leisure. The Midtown Fort Collins area continues to benefit from steady commercial development and revitalization, with modern retail centers, grocery anchors, and residential growth fueling ongoing demand.

Overall, the location represents an ideal setting for a medical, beauty, or service-oriented business looking to benefit from a well-educated, affluent, and expanding customer base in one of Colorado’s most desirable cities.

Investment Highlights

  • Lease Features 3% Annual Rental Increases throughout the Initial Term and Options. Recent 5-Year Lease Extension and 10+ Year Historical Occupancy Demonstrating a Strong Commitment to the Location.
  • Positioned Along Area's Major Medical, Retail and Traffic Corridor. Features Easy Access and Excellent Visibility - the Shields Street and Centre Avenue Intersection sees more than 34k Cars per Day.
  • Advanced Dermatology and Cosmetic Surgery is One of the Largest Dermatology Practices in the United States with more than 150 Locations Across 14 States.
  • UCHealth Poudre Valley Hospital, a Top-rated Regional Hospital, is less than 2 Miles away and Supports High Medical Traffic and Related Services.
  • Colorado State University is located Just 1.5 Miles away, with more than 35k Students and Staff Contributing to Daily Foot Traffic and Demand for Nearby Services.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $96k and over 172k People Residing within a 5-Mile Radius.
  • Fort Collins is Consistently Ranked Among the Top U.S. Cities for Quality of Life, Creating Long-term Value for Service Businesses Seeking Loyal Clientele.
  • The Property Sits in the Midtown Fort Collins District, a Rapidly Revitalizing Submarket seeing Major Reinvestment and Modern Commercial Developments. The Area includes Numerous Medical Clinics, Pharmacies, ER's and Dental Offices, positioning the Property within a Well-established Health and Wellness Corridor.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Single-Tenant Office Medical

One of the Largest U.S. Dermatology Groups (150+ Locations) | Fort Collins | Recent Lease Extension

Listing Price: $1,075,000

Cap Rate
6.95%
Tenant Name
Advance Dermatology
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
4,345
Lease Type
Double Net
Rent Per Square Feet
$16.70

Investment Highlights

  • Lease Features 3% Annual Rental Increases throughout the Initial Term and Options. Recent 5-Year Lease Extension and 10+ Year Historical Occupancy Demonstrating a Strong Commitment to the Location.
  • Positioned Along Area's Major Medical, Retail and Traffic Corridor. Features Easy Access and Excellent Visibility - the Shields Street and Centre Avenue Intersection sees more than 34k Cars per Day.
  • Advanced Dermatology and Cosmetic Surgery is One of the Largest Dermatology Practices in the United States with more than 150 Locations Across 14 States.
  • UCHealth Poudre Valley Hospital, a Top-rated Regional Hospital, is less than 2 Miles away and Supports High Medical Traffic and Related Services.
  • Colorado State University is located Just 1.5 Miles away, with more than 35k Students and Staff Contributing to Daily Foot Traffic and Demand for Nearby Services.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $96k and over 172k People Residing within a 5-Mile Radius.
  • Fort Collins is Consistently Ranked Among the Top U.S. Cities for Quality of Life, Creating Long-term Value for Service Businesses Seeking Loyal Clientele.
  • The Property Sits in the Midtown Fort Collins District, a Rapidly Revitalizing Submarket seeing Major Reinvestment and Modern Commercial Developments. The Area includes Numerous Medical Clinics, Pharmacies, ER's and Dental Offices, positioning the Property within a Well-established Health and Wellness Corridor.

Investment Overview

Located in the heart of Fort Collins, the property is surrounded by a thriving mix of residential neighborhoods, educational institutions, medical offices, and high-traffic commercial corridors. Within a 3-mile radius, the area is anchored by Colorado State University, with a student and faculty population exceeding 35,000, which helps drive consistent foot traffic and demand for personal care, wellness, and medical services. This submarket offers a balanced blend of professional clientele and youthful energy. The nearby CSU Veterinary Teaching Hospital, Poudre Valley Hospital, and several specialty medical clinics contribute to a high concentration of healthcare-related businesses in the area. Residents within the surrounding neighborhoods enjoy strong household incomes, and the local economy is supported by higher education, tech, and clean energy sectors. Major traffic corridors such as Prospect Road, College Avenue (U.S. 287), and Shields Street enhance accessibility and visibility. Lifestyle amenities like parks, trails, and specialty retail centers make this a sought-after location for both work and leisure. The Midtown Fort Collins area continues to benefit from steady commercial development and revitalization, with modern retail centers, grocery anchors, and residential growth fueling ongoing demand. Overall, the location represents an ideal setting for a medical, beauty, or service-oriented business looking to benefit from a well-educated, affluent, and expanding customer base in one of Colorado’s most desirable cities.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

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