4650 Signal Tree Dr Windsor, CO 80547
- Retail properties
- 4,778 SF
Current Use by Public Records
- Retail properties
Property Details for 4650 Signal Tree Dr
- Year built
- 2018
- Property size
- 4,778 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 4,778 square foot Class B medical office condo in Timnath, Colorado, currently 100% occupied by a credit-rated tenant, Banner Health, under a NNN lease. The asking price is $2,478,000, representing a 6.75% cap rate and a price per square foot of $518.63. The property boasts a Net Operating Income (NOI) of $167,276 and features 12 exam rooms, a nurses' station, a break room, and a backup generator. Built in 2018, this single-tenant building sits on a 5.41 parking spaces per 1,000 square feet lot and is zoned CC. The lease commenced April 1, 2021, with a current remaining term of approximately 1.4 years, followed by two 3-year renewal options. The property enjoys a prime location within a synergistic shopping center alongside complementary businesses and benefits from excellent accessibility via E. Harmony Rd and proximity to major retailers and residential developments. Timnath's rapid population growth, with a 38.7% increase between July 2020 and July 2022, and high average household incomes exceeding $200,000 within a one-mile radius, further enhance the investment potential. This stabilized investment offers a compelling combination of strong tenant credit, high occupancy, and significant growth potential in a thriving Colorado market. The APN is 86022-18-200.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Windsor
- County
- Larimer
- State
- Colorado
- Longitude
- -104.977
- Latitude
- 40.5219
