Office Medical
Archdale EyeCare
1541 S 8th St, Colorado Springs, CO 80905
Listing Price: $961,815
Cap Rate
7.00%
Rentable SF
3,250
Occupancy
100.0%
Year Built
2000
Lot Size
0.34 acres
Investment Overview
Single tenant NNN investment opportunity in a top MSA.
Archdale EyeCare
Investment Highlights
- Triple Net Lease Structure - 100% of real estate taxes, insurance, utilities, maintenance, repairs, and Operating Expenses Including eligible amortized capital costs
- Attractive Private Equity Backing - Tenant was acquired by Keplr Vision (300+ Location Optometry MSO) - Keplr is backed by Imperial Capital
- 2% Annual Rent Escalations - Built-in 2% annual rent increases throughout the primary term - FMR Rent survey can increase rental rate in option
- Purpose Built Facility - Purpose built for Archdale Eye Care - Continuously operated since 2000
- One (5) Year Renewal Option Remaining - Tenant holds one more five-year renewal options - Providing potential for over 9.5 years of total lease term
- Highly Populated Immediate Area - 3-mile population size of 66,557 residents - 6-mile population of 247,000 residents
Broker of Record
-
Adam Lewis
Senior Managing Director, Market Leader- Colorado/Idaho
Financing By
Listing Price: $961,815
Cap Rate
7.00%
Rentable SF
3,250
Occupancy
100.0%
Year Built
2000
Lot Size
0.34 acres
Investment Highlights
- Triple Net Lease Structure - 100% of real estate taxes, insurance, utilities, maintenance, repairs, and Operating Expenses Including eligible amortized capital costs
- Attractive Private Equity Backing - Tenant was acquired by Keplr Vision (300+ Location Optometry MSO) - Keplr is backed by Imperial Capital
- 2% Annual Rent Escalations - Built-in 2% annual rent increases throughout the primary term - FMR Rent survey can increase rental rate in option
- Purpose Built Facility - Purpose built for Archdale Eye Care - Continuously operated since 2000
- One (5) Year Renewal Option Remaining - Tenant holds one more five-year renewal options - Providing potential for over 9.5 years of total lease term
- Highly Populated Immediate Area - 3-mile population size of 66,557 residents - 6-mile population of 247,000 residents
Investment Overview
Single tenant NNN investment opportunity in a top MSA.
Broker of Record
-
Adam Lewis
Senior Managing Director, Market Leader- Colorado/Idaho
Financing By
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